Reported 1 day ago
Archer-Daniels-Midland (ADM), a leading soybean processor and biofuel producer in the U.S., has significantly cut its purchase bids for soybeans as anticipation grows for new biofuel blending requirements from the Trump administration. This decision comes amid low crush margins and excess soybean supplies, prompting a sharp decline in local cash prices. The U.S. Environmental Protection Agency is expected to propose blending requirements lower than industry recommendations, leading to diminished demand for soybean oil in biofuels and creating a ripple effect in the market.
Source: YAHOO