By Tarso Veloso and Kim Chipman
Farm Progress
Agriculture giants including Cargill Inc. and Bunge Global SA are slowing their buying of soybeans due to uncertainty over U.S. biofuels policy.
The lack of guidance for a new clean-fuel tax credit is causing biofuels producers to put off some purchases of soyoil for early next year. That’s damping demand for soybeans, causing the giant crop traders to also rein in their buying, according to people familiar with the matter, who asked not to be identified discussing private information.