The chief economist with the American Soybean Association says shifting market dynamics could have a greater impact on soy crush expansion.
At the start of 2023, there were at least 23 new or expanding soy crush plants across the United States and at least one of those projects is on hold due to “changing market dynamics.”
Scott Gerlt says raw material costs have increased and there’s uncertainty about the blending requirements in the Renewable Fuel Standard.
