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The California Air Resources Board plans to cap the share of Low Carbon Fuel Standard credits that can come from crop oils over land-use change concerns. The Giannini Foundation analysis expects small short-run effects on fuel prices but a larger negative impact on Midwestern biofuel producers that rely on crop oils.
A cap on crop-oil LCFS credits would reduce the value of soybean oil and canola-based biofuel feedstock, weighing on vegetable oil demand and prices.
giannini.ucop.eduFelipe Grimaldi Avileis, Andrew SwansonDec 19, 2024After 351 past bearish policy events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
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.
