Consolidated Grain & Barge's plans to increase its daily output by more than twice its current soybean processing capacity.
A U.S. Department of Agriculture report released Friday predicts the second-largest corn crop in Indiana history, with the largest soybean crop.
During a year when abundant supplies are expected to drive prices down, the latest numbers from the USDA could be good news for farmers.
Indiana's soybeans are only 15 percent planted as of this week, less than half their normal progress despite a recent surge in prices.
Indiana soybean crops produced higher yields than expected after damage from record rainfall over the summer.
So far, 41 percent of the state's soybean crop has been harvested, up from 17 percent at this time a year ago.
The decline could hurt farmers, but high yields in other parts of the country mean grocery prices likely won't be impacted.
Agricultural experts will outline their predictions Wednesday for what this year's harvest might look like; gas prices in central Indiana are going up again.
There have been only four days this month without rain. All that water has farmers concerned over potential flood damage.
Economists have told grain farmers to expect, at best, to break even with a good yield, and harsh weather could diminish farmers' harvests.