Reports say agricultural companies like Cargill and Bunge are slowing their soybean purchases due to uncertainty over U.S. biofuels policy. Farm Policy News says some producers are putting off some purchases of soy oil for use early next year, which is also dampening demand for soybeans. By mid-October, most fuel retailers had only bought about ten percent of their biodiesel feedstocks for the coming first quarter in 2025. That compares with more than 80 percent bought by this time of year over the past ten years. The industry is still waiting for the Treasury Department to issue guidance for the clean fuel production credit set to begin in January. Producers aren’t eager to book a lot of soybean oil until that guidance is released. Industry insiders say if the Treasury doesn’t release the regulations on the 45Z production credit, a 45-million-gallon-a-year biodiesel plant in northwest Iowa may have to idle.