ADM to reduce soybean crush rates at some U.S. plants
January 01, 2003
by Emily Buckley
DECATUR, ILLINOIS, U.S. — As a result of reduced soybean processing margins in the United States, Archer Daniels Midland Co. has decreased soybean crush through a combination of plant closures and reduced operating rates.
The facilities involved are Fostoria, Ohio; Fredonia, Kansas; Little Rock, Arkansas; Kershaw, South Carolina; Quincy, Illinois and Valdosta, Georgia.
Refined oil production will also be curtailed due to increased crude oil export demand.
Headquartered in Decatur, Illinois, ADM is one of the world’s largest soybean processors.