Cargill, Bunge Slow Soy Buying on Stalled US Policy (Correct)

Agriculture giants including Cargill Inc. and Bunge Global SA are slowing their buying of soybeans due to uncertainty over US 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.

Soyoil is among the top ingredients for making various renewable fuels, like green diesel and jet fuel.

By mid-October, most fuel ...