# Advocating for Soy Biomass-Based Diesel in California - American Soybean Association

> The American Soybean Association is engaging with the California Air Resources Board on the Low Carbon Fuel Standard, which is scheduled for a final vote on November 8, 2024. The group is seeking to prevent a vegetable oil feedstock cap and improve soybean carbon intensity scoring.

- Date: 2024-09-06 · published 2024-09-06T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/15183-advocating-for-soy-biomass-based-diesel-in-california-american-soybean
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A possible cap on vegetable oil feedstocks for California credits would limit demand for soybean oil in renewable diesel, which is bearish for soybean oil prices if adopted.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2017-07-05 | [ASA: RFS Volumes a Missed Opportunity for Biodiesel - American Soybean Association](https://feedsoft.ai/events/69850-asa-rfs-volumes-a-missed-opportunity-for-biodiesel-american-soybean-association.md) | +1.8% | +2.2% |
| SBO | 2018-03-08 | [White House Holds Meetings to Discuss RFS, Biodiesel - American Soybean Association](https://feedsoft.ai/events/65894-white-house-holds-meetings-to-discuss-rfs-biodiesel-american-soybean-association.md) | -0.5% | -0.5% |
| SBO | 2023-07-06 | [EPA’s Biomass-Based Blending Levels Less Than Expected by Markets - American Soybean Association](https://feedsoft.ai/events/15291-epa-s-biomass-based-blending-levels-less-than-expected-by-markets-american.md) | -0.3% | -2.6% |
| 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% |
| SBO | 2017-11-30 | [RFS Volumes Again Fail to Capture Biodiesel’s Potential - American Soybean Association](https://feedsoft.ai/events/67841-rfs-volumes-again-fail-to-capture-biodiesel-s-potential-american-soybean.md) | -2.5% | -4.3% |
| SOY | 2018-03-08 | [White House Holds Meetings to Discuss RFS, Biodiesel - American Soybean Association](https://feedsoft.ai/events/65894-white-house-holds-meetings-to-discuss-rfs-biodiesel-american-soybean-association.md) | -2.5% | -2.3% |
| SOY | 2023-07-06 | [EPA’s Biomass-Based Blending Levels Less Than Expected by Markets - American Soybean Association](https://feedsoft.ai/events/15291-epa-s-biomass-based-blending-levels-less-than-expected-by-markets-american.md) | -3.8% | -7.6% |
| SOY | 2019-07-08 | [EPA’s Proposed Biofuels Volumes a Big Miss for Soybean Farmers - American Soybean Association](https://feedsoft.ai/events/57956-epa-s-proposed-biofuels-volumes-a-big-miss-for-soybean-farmers-american-soybean.md) | +4.0% | -2.5% |

## Sources

- soygrowers.com: https://soygrowers.com/carb-lcfs/

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