# Soybeans and Proposed Tax Credits, A Primer

> Iowa Soybean Association explains the current biofuel tax credits for soybean oil-based fuels, including the blenders credit and the 40B and 45Z credits. It describes how 45Z now requires US production and ties the credit value to lifecycle carbon intensity. The article is an explanatory primer rather than a new policy action.

- Date: 2024-10-01 · published 2024-10-01T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/15177-soybeans-and-proposed-tax-credits-a-primer
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The credit structure affects future soyoil demand from biofuel producers, but this explainer does not itself announce a change that moves prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2024-10-29 | [Soybean Demand Drops as US Biofuel Tax Credit Stalls - TT](https://feedsoft.ai/events/15173-soybean-demand-drops-as-us-biofuel-tax-credit-stalls-tt.md) | +5.8% | -2.0% |
| SBO | 2018-08-23 | [ASA Submits Comments to EPA on Proposed RFS Rule - American Soybean Association](https://feedsoft.ai/events/63408-asa-submits-comments-to-epa-on-proposed-rfs-rule-american-soybean-association.md) | -0.7% | -2.2% |
| SBO | 2020-01-09 | [Argentine soybeans facing tax increases \| The Western Producer](https://feedsoft.ai/events/54929-argentine-soybeans-facing-tax-increases-the-western-producer.md) | -2.8% | -8.8% |
| SBO | 2018-06-26 | [EPA Increases Proposed RFS Volumes - American Soybean Association](https://feedsoft.ai/events/64402-epa-increases-proposed-rfs-volumes-american-soybean-association.md) | -0.6% | -2.4% |
| SBO | 2017-11-16 | [Issue Update: Biodiesel Tax Credit, RFS and Trade Case - American Soybean Association](https://feedsoft.ai/events/67845-issue-update-biodiesel-tax-credit-rfs-and-trade-case-american-soybean.md) | -2.0% | -5.0% |
| SOY | 2024-10-29 | [Soybean Demand Drops as US Biofuel Tax Credit Stalls - TT](https://feedsoft.ai/events/15173-soybean-demand-drops-as-us-biofuel-tax-credit-stalls-tt.md) | +1.4% | +1.2% |
| SOY | 2020-01-09 | [Argentine soybeans facing tax increases \| The Western Producer](https://feedsoft.ai/events/54929-argentine-soybeans-facing-tax-increases-the-western-producer.md) | -1.0% | -6.1% |
| SOY | 2025-07-02 | [Terrain \| Crush, Rain and RVOs: What’s Driving Soybean Prices?](https://feedsoft.ai/events/15109-terrain-crush-rain-and-rvos-what-s-driving-soybean-prices.md) | -1.2% | -5.6% |

## Sources

- iasoybeans.com: https://www.iasoybeans.com/newsroom/article/isr-october-2024-issue-update-proposed-tax-credits

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