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Sep 27, 2021

Possible $400M Soy Crushing Plant Near Casselton, ND

Purchase agreement in place by unnamed company would create 60 new jobs

source: KFGO

The Casselton, ND, area could soon see a $400 million soy crushing plant that would create 60 new jobs and purchase an estimated 45 million bushels of soybeans annually.

The plan is not finalized, but Josh Teigen, director of the North Dakota Department of Commerce Economic Development & Finance Division, told KFGO that the site is a mile west of Casselton, just east of the Tharaldson Ethanol Plant and a purchase agreement is in place.

Teigen and others won’t yet name the company involved other than to say it is a large, multi-national corporation that is a joint venture between two agricultural-related groups.

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Marketwatch: Dec, 03

cmdty National Corn Price Idx: ZCPAUS.CM

open: 5.6309
high: 5.6797
low: 5.6159
close: 5.6309

cmdty National Soybean Price Idx: ZSPAUS.CM

open: 11.9852
high: 12.1581
low: 11.9477
close: 12.111

cmdty National Hard Red Winter Wheat Price Idx: KEPAUS.CM

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high: 8.2535
low: 8.054
close: 8.2002

cmdty National Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 7.5939
high: 7.7096
low: 7.5239
close: 7.6525