A grain market analyst says he doesn’t expect soybean acres to support demand for new crushing plants.
Steve Nicholson, global strategist for grains and oilseeds with Rabobank says soybean acres could top corn acres over the next five years. “It’s not surprising to see an arc and then see it come back down as we get to the second-half of that 10-year baseline.”
He tells Brownfield crushing margins will eventually come down.
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