The U.S. has the capacity to crush 42 million bushels of soybeans each year. With new facilities being built across the country, Rabobank Senior Grains and Oilseed Analyst Owen Wagner says crush capacity is expected to grow 10 percent. “That would be the biggest investment in new crush capacity in probably more than one decade.” The anticipated growth in soybean oil-based renewable diesel also means more soybeans are needed for domestic crush. To meet the demand, Rabobank says the U.S. would need to stop exporting whole soybeans while planting 17.9 million additional soybean acres. That would be 21 percent larger than the current crop, just to satisfy the growing biofuel demand.
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