Run the Crushers Even When Margins Bleed

“That rule still applies today: it’s better to keep facilities running, even at low throughput margins, than to close them. It’s better to try to extract some revenue to cover something against variable expenses than to have no revenue and still have to pay full overhead costs.”

“Together, ABCD+ handle just under 50 percent of the international trade in grain and oilseeds. On the processing side, they crush and process 35 percent of the world’s production of soybeans, with a total crush capacity of close to half a billion tonnes.”