# LCFS Becomes a Major Market for Soybean Oil

> The Iowa Soybean Association commented on proposed amendments to California's Low Carbon Fuel Standard after a CARB workshop in April 2024. The LCFS now drives nearly half of US biomass-based diesel consumption. The group opposes proposed field-level certification of corn and soybeans and supports rejecting a flat cap on crop-based lipids.

- Date: 2024-05-23 · published 2024-05-23T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/15216-lcfs-becomes-a-major-market-for-soybean-oil
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A cap on lipid feedstocks would reduce soybean oil demand from the LCFS market, while the proposed certification adds compliance costs. Rejecting the cap keeps this demand intact and supports soybean oil prices.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-04-22 | [US soybean oil market set to soar \| Food Business News](https://feedsoft.ai/events/25205-us-soybean-oil-market-set-to-soar-food-business-news.md) | +2.6% | +0.9% |
| SBO | 2021-10-12 | [Oil becoming new driver for soybean industry](https://feedsoft.ai/events/44619-oil-becoming-new-driver-for-soybean-industry.md) | +2.9% | -1.9% |
| SBO | 2026-05-06 | [How long can soy oil prop up the soybean market?](https://feedsoft.ai/events/19356-how-long-can-soy-oil-prop-up-the-soybean-market.md) | -3.6% | -3.3% |
| SBO | 2019-01-29 | [Biodiesel Market in EU Opens for U.S. Soybeans - American Soybean Association](https://feedsoft.ai/events/61201-biodiesel-market-in-eu-opens-for-u-s-soybeans-american-soybean-association.md) | -0.6% | -0.7% |
| SBO | 2020-08-04 | [Record soybean oil use for biodiesel in May - McKeany-Flavell](https://feedsoft.ai/events/51685-record-soybean-oil-use-for-biodiesel-in-may-mckeany-flavell.md) | -1.5% | +4.1% |

## Sources

- iasoybeans.com: https://www.iasoybeans.com/newsroom/article/isa-weighs-in-on-proposed-fuel-standards-amendments

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