Two new crush facilities are expected to open in 2019, with a third plant expected to start up by the end of 2021.
The first two will be in Michigan and South Dakota, with the third in North Dakota.
Once up and running, the additional processing plants are expected to boost crush capacity by 6-10% and consume an estimated 120 million bushels per year.
The new plants are expected to crush soybeans at 100,000 to 120,000 bushels per day, whereas older facilities could process just 70,000 to 120,000/day. New tech means they will add 2.8 million short tons of soybean meal and 1.4 billion pounds of soybean oil to the market per year.