Key Takeaways:

Expanding U.S. soybean crushing capacity is strengthening domestic demand, driven largely by growing soyoil consumption from the renewable diesel and biofuels industries. Despite increased domestic processing, substantial quantities of U.S. soybeans are expected to remain available for export through 2030 and beyond. Growing domestic crush demand could make historical peak soybean export volumes more difficult to achieve, particularly during years of limited production. Continued improvements in soybean yields through technological advancements will be essential to meeting growing domestic crush demand while maintaining export competitiveness, particularly given limited opportunities for acreage expansion.

Domestic Soybean...