A market analyst says additional U.S. soy crushing capacity could leave American soybean farmers less dependent on foreign markets.
Brian Burke with John Stewart and Associates says the U.S. may add an additional 450 million bushels of capacity within the next five years. “As a whole, I think the U.S. can accommodate this extra crush capacity because there are some export headwinds with Brazil’s growth over the long term.”
He tells Brownfield additional crushing facilities won’t have a significant impact on the market and expects U.S.