
3tentos reported third-quarter net income of R$208.2 million, up 2.5% year on year, with EBITDA of R$402.1 million and revenue of R$5.85 billion. The CEO blamed weaker biodiesel margins from the lack of a blend increase, and the first corn ethanol plant reached full capacity.
Biodiesel margin weakness linked to stalled blending mandates reduces soybean oil demand from this producer, while the new corn ethanol plant adds DDGS supply to feed markets.
After 352 past bearish policy events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.