The AGP crush plant in Aberdeen, South Dakota is showing its value. A combination of strong domestic soybean crush and prevent plant acres has soybean basis at zero in northern South Dakota, unusual for this time of the year. AGP Merchandising Manager Adam Piper says the goal for the processing plant is to provide a market 12 months out of the year. The remaining half of the crop marketing year comes down to economics for product demand versus soybean supplies. “USDA is suggesting a fairly tight carryout. We’ve seen that before, but it comes down to economics. If we can glean a margin between supply and demand at AGP we will. We’ll see how the next six months go.”
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