
Agribusiness firms Cargill and Bunge are slowing soybean purchases because of uncertainty over US biofuel policy. The lack of Treasury guidance on the clean fuel production credit (45Z) has led biofuel producers to postpone soyoil purchases for early next year.
By mid-October, fuel retailers had procured only about 10% of their Q1 biodiesel, versus more than 80% at that point in a typical year.
Weaker soyoil and soybean buying from biofuel users and crushers reduces demand for soybeans and soyoil, which pressures prices unless the tax guidance arrives and restores demand.
Setelah 369 peristiwa kebijakan bearish sebelumnya, Kedelai bergerak median -0,2% selama 5 sesi (46% lebih tinggi; separuh tengah -1,7% sampai +1,8%), dan +0,8% selama 20 sesi.
Setelah 351 peristiwa kebijakan bearish sebelumnya, Minyak Kedelai bergerak median -0,0% selama 5 sesi (49% lebih tinggi; separuh tengah -1,7% sampai +1,8%), dan -0,2% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.