| grower3 - 9/21/2023 11:22
If the US would transition from a soybean exporter to a meal exporter down the road that would seem like a positive change in my eyes. What am I missing?
I don’t disagree, but what if the other countries want the whole bean, not just the meal? I assume they already have crush plants they’d like to keep operating. They must be using the oil currently as well.
Meal could get cheap in the future which would also affect the ethanol grind.
It’s gonna take a few years for this all to shake out but I don’t believe this will be nearly the windfall for US ag that ethanol was. Feed usage (corn, ddgs, sbm) will get a major rearrangement of the deck chairs. Probably clear more of SA to supply the countries we currently export to.
IMO, the windfall will be for oil refiners.
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Renewable fuel from soybeans. What’s actual expected need in near future?
