# Soy chairman speaks to Senate ag committee on farm economy

> The American Soybean Association chairman told a Senate agriculture committee that new tariff threats put export access at risk. He also cited undersized renewable volume obligations and uncertainty over the 45Z tax credit. Farm income is under pressure from low commodity prices and high input costs.

- Date: 2025-02-06 · published 2025-02-06T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/15147-soy-chairman-speaks-to-senate-ag-committee-on-farm-economy
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tariff threats against major buyers could reduce soybean export demand and weigh on prices. Policy uncertainty over biofuel volumes also clouds the outlook for domestic crush demand.

## Read by commodity

- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-08-17 | [Analysis-As economy wilts, Argentina's Massa seeks to sow hope with farm chiefs \| Euronews](https://feedsoft.ai/events/14016-analysis-as-economy-wilts-argentina-s-massa-seeks-to-sow-hope-with-farm-chiefs.md) | +7.7% | +3.4% |
| SOY | 2024-07-23 | [Ranking Member David Scott Opening Statement at Farm Financial Conditions Hearing \| House Agriculture Committee](https://feedsoft.ai/events/29251-ranking-member-david-scott-opening-statement-at-farm-financial-conditions.md) | -5.6% | -14.4% |
| SOY | 2018-10-29 | [U.S. agriculture chief says no plan to extend farm aid to offset tariffs](https://feedsoft.ai/events/62514-u-s-agriculture-chief-says-no-plan-to-extend-farm-aid-to-offset-tariffs.md) | +3.6% | +2.0% |
| SOY | 2022-01-20 | [Biden Administration Looks for Ways to Get China to Meet Phase One Deal Ag Commitments](https://feedsoft.ai/events/14962-biden-administration-looks-for-ways-to-get-china-to-meet-phase-one-deal-ag.md) | +3.5% | +14.1% |
| SOY | 2019-03-18 | [Everything you need to know about the farm bill in one summit \| CFAES](https://feedsoft.ai/events/60074-everything-you-need-to-know-about-the-farm-bill-in-one-summit-cfaes.md) | -0.6% | -1.5% |

## Sources

- biobased-diesel.com: https://www.biobased-diesel.com/post/soy-chairman-speaks-to-senate-ag-committee-on-farm-economy

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.