# CARB’s Biofuel Changes Raise Concern - TT

> California Air Resources Board proposed on August 13 to cap soy- and canola-based biodiesel and renewable diesel credits at 20%, favoring electric vehicles and imported feedstocks. The rule would take effect January 1, 2028, and American farm groups warn it could push the market toward Chinese used cooking oil.

- Date: 2024-08-28 · published 2024-08-28T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/28882-carb-s-biofuel-changes-raise-concern-tt
- 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 US soy and canola oil in California's clean fuel program would reduce domestic biofuel demand for soyoil and canola oil from 2028, a bearish factor for those oils.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2024-11-16 | [U.S. biofuel policies expected to change under Trump](https://feedsoft.ai/events/15166-u-s-biofuel-policies-expected-to-change-under-trump.md) | -5.4% | -7.9% |
| SBO | 2021-08-20 | [U.S. grains: Soy, corn slide on macroeconomic fears, biofuel worries - Grainews](https://feedsoft.ai/events/11364-u-s-grains-soy-corn-slide-on-macroeconomic-fears-biofuel-worries-grainews.md) | -2.5% | -7.0% |
| SBO | 2025-06-16 | [MAHA report on seed oils raises concerns for US agriculture](https://feedsoft.ai/events/24330-maha-report-on-seed-oils-raises-concerns-for-us-agriculture.md) | +4.7% | +6.0% |
| SBO | 2024-10-29 | [Soybean Demand Drops as US Biofuel Tax Credit Stalls - TT](https://feedsoft.ai/events/15173-soybean-demand-drops-as-us-biofuel-tax-credit-stalls-tt.md) | +5.8% | -2.0% |
| SBO | 2022-01-05 | [Baking group seeks EPA change on biofuel mandate \| Supermarket Perimeter](https://feedsoft.ai/events/15427-baking-group-seeks-epa-change-on-biofuel-mandate-supermarket-perimeter.md) | +0.7% | +6.3% |
| SOY | 2024-11-16 | [U.S. biofuel policies expected to change under Trump](https://feedsoft.ai/events/15166-u-s-biofuel-policies-expected-to-change-under-trump.md) | -1.5% | -1.7% |
| SOY | 2021-08-20 | [U.S. grains: Soy, corn slide on macroeconomic fears, biofuel worries - Grainews](https://feedsoft.ai/events/11364-u-s-grains-soy-corn-slide-on-macroeconomic-fears-biofuel-worries-grainews.md) | +3.4% | -2.9% |
| SOY | 2025-06-16 | [MAHA report on seed oils raises concerns for US agriculture](https://feedsoft.ai/events/24330-maha-report-on-seed-oils-raises-concerns-for-us-agriculture.md) | -1.0% | -7.0% |

## Sources

- ttnews.com: https://www.ttnews.com/articles/carb-biofuel-senate

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