The soybean processing industry intends to significantly grow over the next few years. This change will open up more domestic opportunities for soybean consumption. Soybeans are almost never used whole but are instead “crushed” to produce soybean meal and soybean oil. Expanding crush capacity provides additional places for farmers to sell their beans while providing more soybean meal and oil for the domestic market. To date, there have been announcements for 23 plant expansions, which would add about 750 million bushels per year in crush capacity.

Many...