The new facility will boost the company’s presence in growing edible oil and animal feed markets, and will create opportunities in renewable energy feedstock markets.

According to Mac Marshall, vice president, market intelligence, for the United Soybean Board (USB) and the U.S. Soybean Export Council (USSEC), the convergence of increasing vegetable oil demand and supply chain disruptions will continue to cause shifts in pricing for different oils, making it important for buyers to know the impact of events and oilseed growing conditions as they relate to supply and demand.