# Renewable diesel boom slows; industry eyes IRA, Canada for relief | Agri-Pulse Communications, Inc.

> U.S. renewable diesel production has grown rapidly, driven largely by California's Low Carbon Fuel Standard, but output now exceeds federal usage mandates and demand is softening. Industry officials are looking to a new tax credit and potential Canadian demand for relief.

- Date: 2024-02-28 · published 2024-02-28T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/15234-renewable-diesel-boom-slows-industry-eyes-ira-canada-for-relief-agri-pulse
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Renewable diesel is a major outlet for soybean oil, so slowing demand relative to capacity weakens the soybean oil and crush margin support for soybeans and meal. Expected new demand could partly offset this.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2017-11-30 | [Final RFS figures closely resemble July proposal \| 2017-11-30 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/67844-final-rfs-figures-closely-resemble-july-proposal-2017-11-30-agri-pulse-agri.md) | -2.5% | -4.3% |
| SBO | 2024-09-04 | [Biofuel groups, fuel retailers fight California’s proposed restrictions \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15185-biofuel-groups-fuel-retailers-fight-california-s-proposed-restrictions-agri.md) | -2.4% | -0.4% |
| 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 | 2024-09-04 | [Biofuel groups, fuel retailers fight California’s proposed restrictions \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15185-biofuel-groups-fuel-retailers-fight-california-s-proposed-restrictions-agri.md) | -2.0% | +6.0% |
| 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/20718-renewable-diesel-boom-slows-industry-eyes-ira-canada-for-relief

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