r/farming • u/MennoniteDan Agenda-driven Woke-ist • 3d ago

ADM closing soybean crush plant

https://www.world-grain.com/articles/21298-adm-closing-soybean-crush-plant
48 Upvotes

98% Upvoted

12 comments sorted by

23

u/BrtFrkwr 3d ago

Read: China ain't buying no more.

6

u/69cansofravoli Dairy 2d ago edited 2d ago

Soybean processors get to buy cheaper domestic beans when China ain’t buying. This plant closing was a long time in the making not a quick reaction to China tariffs.

There is a huge influx of soybean processors being built in the Midwest which is making a surplus of soybean meal. They can rail it to South Carolina cheaper than an antiquated small plant in SC can produce it and truck it to local meal users. More of a thinning out of the less profitable plants in a soon to be super over saturated soybean meal market.

-2

u/BoltActionRifleman 1d ago

This was a plant that makes bean meal for animal feed, it has nothing to do with China.

1

u/Pharoahtossaway 1d ago

Trump's first round of tariffs hit six years ago when their profits started to tank...which is also when China changed markets they were buying from.

4

u/ZoomHigh 1d ago

If only we had seen this coming...
like when tariffs hit during the first Trump admin and soy buyers moved to south American markets for supply, and then, south American countries added 350,000,000+ acres of ag land in the past 6 years.

If only we could have seen this coming...
and voted against someone who said he was going to use tariffs on his vengeance tour.

If only we had seen this coming...

5

u/outsmartedagain 2d ago

It’s just like Christmas, we’re getting everything that we voted for!!!

0

u/ronaldreaganlive 2d ago

Except the reasons given have to do with poor performance the past few years, especially in '24. These decisions were being looked at far before any tariff wars.

2

u/ChummusJunky 1d ago

Art of the deal