Some Brazilian soybean crushers temporarily shut down due to negative margins

In Brazil, Reuters reports that as many as 10 soybean crushers have temporarily halted crushing in response to negative margins. Vegetable oil stocks are on the rise in response to weak domestic demand for biodiesel, decimating margins, so some crushers chose to bring forward annual maintenance that traditionally takes place at the end of the year to help reduce supplies. Earlier this year, Brazil cut its biodiesel blending mandate in response to soaring prices but despite attempts to return it to previous levels has been held in place.