# Canola sector gets biofuel shock | The Western Producer

> Four major US farm groups asked the Treasury and OMB to restrict imported biofuel feedstocks from the 45Z Clean Fuel Production Credit, which begins January 1, 2025. Canadian canola officials said the proposal would be a major blow to the sector, which has been developing US biofuel markets.

- Date: 2024-07-19 · published 2024-07-19T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/29212-canola-sector-gets-biofuel-shock-the-western-producer
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

If imported feedstocks are restricted, Canadian canola and other foreign oilseed exports to the US biofuel market would lose a key outlet, pressuring canola prices while supporting domestic US soybean oil demand.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2019-10-31 | [Biofuel forecast may prop up prices \| The Western Producer](https://feedsoft.ai/events/56664-biofuel-forecast-may-prop-up-prices-the-western-producer.md) | +2.5% | -2.0% |
| SBO | 2022-06-15 | [Canola enjoys U.S. soybean oil's success \| The Western Producer](https://feedsoft.ai/events/7215-canola-enjoys-u-s-soybean-oil-s-success-the-western-producer.md) | -7.0% | -20.0% |
| SBO | 2025-05-21 | [Trade, biofuel policies continue to influence crop markets \| The Western Producer](https://feedsoft.ai/events/24646-trade-biofuel-policies-continue-to-influence-crop-markets-the-western-producer.md) | -0.3% | +6.2% |
| SBO | 2025-06-13 | [U.S. grains: Soybeans climb, soyoil soars daily limit on US biofuel proposal \| The Western Producer](https://feedsoft.ai/events/8580-u-s-grains-soybeans-climb-soyoil-soars-daily-limit-on-us-biofuel-proposal-the.md) | +10.1% | +8.6% |
| SBO | 2024-02-29 | [Farmers promised easy Clean Fuel Regulations process \| The Western Producer](https://feedsoft.ai/events/31639-farmers-promised-easy-clean-fuel-regulations-process-the-western-producer.md) | +0.5% | +7.2% |

## Sources

- producer.com: https://www.producer.com/crops/canola-sector-gets-biofuel-shock/

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