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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.

Iowa-Based Start Up to Build Soy Processing Plant -- Platinum Crush, a new soybean crushing plant, will be built in Buena Vista County near Alta, IA. Platinum Crush will produce 847,000 tons of soybean meal/year (2,420 tons/day) for livestock feed markets, 450 million pounds of crude soybean oil/year (1.28 million pounds/day), and 77,000 tons of pelleted soybean hulls/year (220 tons/day).

ADM Plans $350M Soybean Plant in North Dakota -- ADM said the plant at the Spiritwood Energy Park Association industrial site will create about 70 permanent jobs and have the capacity to process up to 150,000 bushels of soybeans/day, or more than 54 million/year.

Cargill Pulls Building Permit on Wichita Soybean Facility ... According to city/county records, a $1.3 million permit has been pulled by Cargill for work on its soybean facility. The permit detailed work on a 2,800 square-foot receiving building, an 11,100 square-foot control and sample room within an existing warehouse, and a 208 square-foot motor control center.

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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

open: 8.119
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