Minnesota Co-op Plans to Build Soybean Plant in North Dakota

Minnesota co-op plans to build soybean plant in North Dakota

crop_tour_soybean_ben_potter_2
crop_tour_soybean_ben_potter_2
(Ben Potter)

A Minnesota cooperative plans to build a $240 million soybean processing plant in North Dakota.

Officials with Minnesota Soybean Processors, or MnSP, say the co-op has selected a site on 150 acres near Spiritwood, in eastern North Dakota. The group says the facility would produce 900,000 tons of soybean meal and 490 million pounds of soybean oil a year. Half of the oil would produce biodiesel.

North Dakota Gov. Doug Burgum says the plant should add up to 60 jobs and support local service companies, vendors and suppliers. It would be the first of its kind in North Dakota.

The group said in a news release that construction would begin “following further due diligence, necessary approvals and a successful engineering study.”

MnSP operates a soybean crush facility in Brewster, Minnesota.

AgWeb-Logo crop
Related Stories
Jerry Gulke president of The Gulke Group says it isn’t surprising to see profit taking in the soybeans with the funds holding a near record long position.
Dan Basse, president of Ag Resource Company, says the corn yield figure was very close to the trade guess and largely priced into the market.
Scott Varilek with Kooima Kooima Varilek says the recovery in the cattle market this week feels good but he is watching for several signs to feel confident about sustaining it.
Read Next
Recent university studies find that corn kernels usually hold their weight through the dry-down process while pinpointing the operational realities that lead to missing grain.
Get News Daily
Get Market Alerts
Get News & Markets App