indeeppigfarmer - 9/21/2023 16:24 It will be priced to the cost of delivery to exporting ports. Some of the current demand going to exports will just be repositioned as meal exports while the oil stays here.
I asked this down below as well
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?
