◂ Event Timeline

May 15, 2025POLICYUS

House Ways & Means Committee Advances Modification of 45Z Clean Fuel Production Credit, Prioritizing American Farmers and Feedstocks

The House Ways & Means Committee advanced changes to the 45Z Clean Fuel Production Credit within the One Big Beautiful Bill. The revised credit limits eligible feedstocks to North American sources, excluding imports such as Chinese used cooking oil and South American tallow, and eliminates the indirect land use change penalty.

WHY IT MATTERS

Restricting the credit to North American feedstocks favors domestic soybean oil and canola use in biofuels, supporting soybean crush demand and oil prices.

AFFECTSSoybean Oil▲Soybeans▲

SOURCE
nopa.orgJud AshmanMay 15, 2025

Price reaction & history

Soybean Oil▲bullishSO FAR1d -1.9%5d -0.8%20d -4.5%

After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.

Oct 3, 2025Young, Colleagues Call on EPA to Stand with American Farmers and Prioritize Domestic Feedstocks - Senator Young+2.1%
Jan 16, 2025Clean Fuel Production Credit excludes producers from using used cooking oil - Indiana Corn and Soy-0.5%
Jul 16, 2025US vegetable oil market: 45Z clean fuel production credit+1.9%
Nov 12, 2025ASA and NOPA Urge Action on Biofuel Policies Supporting Farmers - American Soybean Association+2.1%
Jun 22, 2026EPA Focuses the RFS on American Farmers - Clean Fuels Alliance America+1.6%

Soybeans▲bullishSO FAR1d -1.5%5d -0.4%20d -2.3%

After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% over 20.

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Soybean Oil SBO · GP ▸

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Soybeans SOY · GP ▸

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