Canola prices stagnant, caught in tariff limbo

Oct 24, 2025

Prices for Canadian canola and Chicago soyoil appeared to be in stasis during the week ended Oct. 21, as growers awaited news that could change the fortunes for both oils.

Prices for Canadian canola and Chicago soy oil appeared to be in stasis during the week ended Oct. 21, as growers awaited news that could change the fortunes for both oils.

Their steadiness was a surprise considering November Chicago soybeans jumped 24.25 cents per bushel after U.S. President Donald Trump posted on social media last weekend he believes a deal for China to buy U.S. soybeans can be done.

Sooner or later, U.S. soybean growers – and by extension, Canadian canola growers — will be in for a big disappointment.

Weeks after Treasury Secretary Scott Bessent teased an announcement regarding a financial aid package for the U.S. soybean industry, nothing has materialized.

Instead, Trump and Bessent shifted their focus to a US$20 billion currency swap with Argentina approved last week, with the possibility of another US$20 billion to come later.

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Video: Understanding the Basics of the Renewable Fuel Standard

On Friday, April 24, 2026, from 12 noon–1:00 ET, the Penn State Center for Agricultural and Shale Law, alongside the Pennsylvania Department of Agriculture’s (PDA) Agricultural Business Development Center (ABDC), presented this webinar in the Understanding Agricultural Law Educational Series, a course designed to develop subject matter literacy and competence on fundamental issues of agricultural law for attorneys and business advisors who work with or represent agricultural or rural clients but may not necessarily specialize in agricultural law:

“Understanding the Basics of the Renewable Fuel Standard”

The Clean Air Act’s Renewable Fuel Standard (RFS) program requires transportation fuel sold in the United States to contain a minimum volume of renewable fuels such as ethanol, biodiesel, or advanced biofuels. Established by the Energy Policy Act of 2005 and later expanded by the Energy Independence and Security Act of 2007, the RFS is implemented by the U.S. Environmental Protection Agency (EPA) in collaboration with the Department of Energy and the U.S. Department of Agriculture (USDA).

This webinar provides an overview of the legal authority and structure for the RFS program and explain how it works, including the program’s system of Renewable Identification Numbers (RINs) and categories of renewable fuels. Additionally, this webinar addresses EPA annual volume requirement rulemaking and associated recent legal issues.