NDSU Extension Crops Marketing Economist Frayne Olson says logistically, North Dakota is a good spot for a soy crush plant. “There are good soybean supplies and demand for the products.” Olson thinks the demand for soybean meal could come from Asia. Soybean oil demand may come from the west coast. “Traditionally, soybean meal drives economics, but that’s changing. Soybean oil can be a big profitability driver. More plants may be built to supply soybean oil for biodiesel.” Locally, farmers will benefit from stronger soybean basis. The basis boost may not be as big as farmers expect, but Olson says it will stabilize. Initially, Olson says farmers could probably see a 35 to 50 cent improvement until there’s enough increased production in the region to offset the need. “Long-term, farmers may see a 20 to 30 cent improvement in soybean basis.” Hear the story.