Announcement follows company’s recent acquisition of Sojaprotein.

Volume of grain to be purchased this year unspecified.

Higher rates sought to cover rising diesel prices for major South American soy, corn exporter.

Will add ability to process non-GMO soybeans.

War in Ukraine causing wheat, corn prices to skyrocket.

Innovative processing technology developed to enhance production.

Also adding to cost of agricultural inputs, further slowing the supply chain.

Led by canola, production is forecast to increase by 35% in 2022-23.

USDA anticipates greater imports due to low yields for North African nation’s wheat, barley.