The Long-Run Evolution of The Soybean Crush
When you crush a 60-pound bushel of soybeans, the standard calculation assumes you get 11 pounds of soybean oil, 44 pounds of soybean meal, 4 pounds of hulls, and 1 pound of waste. But when Illinois’ Joe Janzen looked at the data, he found a slightly different story. Those proportions aren’t as fixed as one […]

