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Soybean futures fell as concerns over sluggish demand for U.S. supplies prompted traders to take profits after a three-day winning streak.

Chicago corn futures fell to the lowest level in nearly a year after the Department of Agriculture raised its already record-large outlook for the American harvest.

“I hope China will quickly quadruple its soybean orders. This is also a way of substantially reducing China’s Trade Deficit with the USA,” President Trump wrote on Truth Social.

The move, a win for American farmers, comes after a flood of supplies from China reached U.S. shores at cheaper prices than soybean oil produced locally.

Soybean farmers in seven states are asking Congress to extend current biodiesel and renewable diesel tax credits due to a lack of clarity on a set of new rules ready to take effect in January.

Agriculture giants including Cargill Inc. and Bunge Global SA are slowing their buying of soybeans because of uncertainty over U.S. biofuels policy.

North Dakota’s renewable diesel industry took a giant leap forward as the state opened its first fully dedicated soybean-crushing plant that will make biofuel oil.

Illinois Gov. J.B. Pritzker celebrated groundbreaking at a $250 million soybean processing plant expansion that would contribute to increased production of biodiesel.

A trucking campaign promoting biodiesel fuel to easily lower carbon emissions by the state soybean farmers has been such a success in raising awareness it may be repeated.

China is picking up soybean cargoes in Brazil, dashing hopes for big American sales immediately after a partial trade deal is signed with the U.S. next week, according to people familiar with the matter.