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Farmer says 'we're in a very dire situation' ahead of harvest—with zero soybean orders from China, historically the largest buyer | Fortune (fortune.com)

submitted 11 months ago by cm0002@lemmy.world to c/usa@midwest.social

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[–] whiwake@lemmy.cafe 20 points 11 months ago (1 children)

That just means more soybeans for the US, and because supply and demand is still an economic principal, the price will go way down.

/s hahahaa they’re gonna burn them instead of selling them cheaper.

[–] nosuchanon@lemmy.world 1 points 11 months ago (2 children)

I wonder if soybeans can be turned into ethanol.

[–] whiwake@lemmy.cafe 2 points 11 months ago (1 children)

Soybean oil can be transesterified with an alcohol (usually methanol) in the presence of a catalyst to make fatty acid methyl esters (FAME) or “biodiesel.”

https://en.m.wikipedia.org/wiki/Transesterification

[–] nosuchanon@lemmy.world 1 points 11 months ago

Interesting.

[–] goferking0@lemmy.sdf.org 1 points 11 months ago

I mean they can but just like corn or others takes more energy to turn it into that then you get back