Canola oil faces growing competition from soybean oil in the US biofuel market
In Canada, Glacier Farm Media reports that Canadian canola oil is facing stronger competition in the US biomass-based diesel market as domestic soybean processing capacity expands and soybean oil receives more favorable treatment under the 45Z clean fuel production tax credit. CoBank says soybean oil currently has a tax-credit advantage of approximately $0.33–$0.35 per gallon […]
