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Canadian renewable fuel producers face lower returns on new projects after a slump in British Columbia's LCFS credit market. US exports of renewable diesel to Canada reached 530 million litres in the first half of the year.
British Columbia says it is not planning changes to its LCFS program.
Cheap US renewable diesel imports depress Canadian credit values and project economics, which reduces domestic demand for vegetable oil feedstocks and weighs on soyoil demand.
reuters.comShariq KhanOct 29, 2024After 152 past bearish trade events, Soybean Oil moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% 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.
