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Canada's Clean Fuel Regulation became law in July 2022 and requires lower carbon intensity in transport fuels each compliance year. Canadian ethanol and renewable fuel imports from the US rose sharply in 2022 in anticipation of the rules.
The regulation favors low-carbon fuels such as renewable diesel, supporting demand for vegetable oils and ethanol and boosting US biofuel exports to Canada.
oilandenergyonline.comO&E Staff ReporterSep 14, 2023After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
