# Biofuel groups, fuel retailers fight California’s proposed restrictions | Agri-Pulse Communications, Inc.

> The California Air Resources Board proposes a 20% cap on renewable diesel made from soybean or canola oil that can qualify for the Low Carbon Fuel Standard, plus sustainability certification for corn and soybeans. Industry groups including Phillips 66, NATSO and SIGMA oppose the restrictions, with a hearing set for November 8.

- Date: 2024-09-04 · published 2024-09-04T12:00:00.000Z
- Category: policy · region US · magnitude high
- Page: https://feedsoft.ai/events/15185-biofuel-groups-fuel-retailers-fight-california-s-proposed-restrictions-agri
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A cap on soybean and canola oil credits would reduce biofuel feedstock demand in California, pressuring soybean oil and canola oil prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2024-11-09 | [Industry calls for reform to LCFS biofuel guardrails \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15171-industry-calls-for-reform-to-lcfs-biofuel-guardrails-agri-pulse-communications.md) | -1.3% | -8.2% |
| SBO | 2017-07-12 | [Biodiesel producers feel burned by proposed RFS \| 2017-07-11 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/69851-biodiesel-producers-feel-burned-by-proposed-rfs-2017-07-11-agri-pulse-agri.md) | -1.7% | +0.2% |
| 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% |
| SBO | 2025-10-01 | [America's soybean farmers face 'Groundhog Day' with murky biofuel policy \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15082-america-s-soybean-farmers-face-groundhog-day-with-murky-biofuel-policy-agri.md) | +3.1% | +2.7% |
| SBO | 2019-07-05 | [EPA proposes no growth in biofuels except cellulosic \| 2019-07-05 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/57957-epa-proposes-no-growth-in-biofuels-except-cellulosic-2019-07-05-agri-pulse-agri.md) | +0.2% | -1.2% |
| SOY | 2024-11-09 | [Industry calls for reform to LCFS biofuel guardrails \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15171-industry-calls-for-reform-to-lcfs-biofuel-guardrails-agri-pulse-communications.md) | -1.8% | -2.6% |
| SOY | 2025-10-01 | [America's soybean farmers face 'Groundhog Day' with murky biofuel policy \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15082-america-s-soybean-farmers-face-groundhog-day-with-murky-biofuel-policy-agri.md) | +2.0% | +7.6% |
| 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/21577-biofuel-groups-fuel-retailers-fight-californias-proposed-restrictions

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