# Viewpoint: Crop-based feedstocks face an uphill battle | Latest Market News

> US biofuel demand for soybean and canola oil has weakened as policy shifts favor lower carbon-intensity feedstocks. California's LCFS targets rose to 30% by 2030, and from 2028 crop-based vegetable oil biofuels will be capped at 20% of credit generation. Producers will also need to track feedstock origin.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/15232-viewpoint-crop-based-feedstocks-face-an-uphill-battle-latest-market-news
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Caps on crop-based credits and extra traceability costs reduce demand for soybean oil in biofuel, which pressures soybean oil prices.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-02-07 | [Biofuels and feedstocks: Market outlook 2023 - Fastmarkets](https://feedsoft.ai/events/37419-biofuels-and-feedstocks-market-outlook-2023-fastmarkets.md) | +1.6% | +1.8% |
| SBO | 2024-12-01 | [U.S. Soybean Oil Market Threatened by Imported Feedstocks \| Illinois Soybean Association](https://feedsoft.ai/events/15160-u-s-soybean-oil-market-threatened-by-imported-feedstocks-illinois-soybean.md) | -0.6% | -1.5% |
| SBO | 2025-06-04 | [The latest 45Z update marks a new lap for U.S. biofuels](https://feedsoft.ai/events/10950-the-latest-45z-update-marks-a-new-lap-for-u-s-biofuels.md) | +1.8% | +11.2% |
| SBO | 2024-11-04 | [US Renewable Fuels Tax Credits and Feedstock Values Rest on Election Outcome \| Aegis Market Insights](https://feedsoft.ai/events/15169-us-renewable-fuels-tax-credits-and-feedstock-values-rest-on-election-outcome.md) | +5.2% | -6.9% |
| SBO | 2024-03-25 | [EPA RFS waivers may wither US soybean demand \| Latest Market News](https://feedsoft.ai/events/15230-epa-rfs-waivers-may-wither-us-soybean-demand-latest-market-news.md) | +0.6% | -4.4% |

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2642858-viewpoint-crop-based-feedstocks-face-an-uphill-battle

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