# Industry calls for reform to LCFS biofuel guardrails | Agri-Pulse Communications, Inc.

> The California Air Resources Board approved a 20% cap on low carbon fuel standard credits for renewable diesel made from soybean, canola and sunflower oils despite industry objections. The board also approved amendments allowing it to stop accepting new biodiesel and renewable diesel pathways in 2031 if zero-emission targets are met.

- Date: 2024-11-09 · published 2024-11-09T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/15171-industry-calls-for-reform-to-lcfs-biofuel-guardrails-agri-pulse-communications
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

The credit cap reduces demand for US-grown vegetable oils in California's renewable diesel market, which is bearish for soyoil and canola oil.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2024-09-04 | [Biofuel groups, fuel retailers fight California’s proposed restrictions \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15185-biofuel-groups-fuel-retailers-fight-california-s-proposed-restrictions-agri.md) | -2.4% | -0.4% |
| SBO | 2024-02-28 | [Renewable diesel boom slows; industry eyes IRA, Canada for relief \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15234-renewable-diesel-boom-slows-industry-eyes-ira-canada-for-relief-agri-pulse.md) | -0.0% | +7.7% |
| SBO | 2026-08-27 | [Bunge, POET, others warn Trump on biofuel exemptions for oil \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15003-bunge-poet-others-warn-trump-on-biofuel-exemptions-for-oil-agri-pulse.md) | +8.0% | +1.3% |
| SBO | 2021-09-22 | [Biofuel blending targets could include big volume cuts  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/44935-biofuel-blending-targets-could-include-big-volume-cuts-agri-pulse.md) | +4.9% | +12.0% |
| SBO | 2024-08-13 | [California may cap credits for soy or canola-based renewable diesel \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15189-california-may-cap-credits-for-soy-or-canola-based-renewable-diesel-agri-pulse.md) | -3.5% | -1.4% |
| SOY | 2024-09-04 | [Biofuel groups, fuel retailers fight California’s proposed restrictions \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15185-biofuel-groups-fuel-retailers-fight-california-s-proposed-restrictions-agri.md) | -2.0% | +6.0% |
| SOY | 2024-02-28 | [Renewable diesel boom slows; industry eyes IRA, Canada for relief \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15234-renewable-diesel-boom-slows-industry-eyes-ira-canada-for-relief-agri-pulse.md) | +0.8% | +6.0% |
| SOY | 2026-08-27 | [Bunge, POET, others warn Trump on biofuel exemptions for oil \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15003-bunge-poet-others-warn-trump-on-biofuel-exemptions-for-oil-agri-pulse.md) | +3.8% | +5.0% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/21879-industry-calls-for-reform-to-lcfs-biofuel-guardrails

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.