ICE Close: Canola Down Sharply Again

Apr 21, 2023

Canola futures posted sharp losses for the second session in a row on Thursday as losses elsewhere spilled over to weigh on values.

Chicago soyoil and European rapeseed futures were both softer on the day, with declines in crude oil contributing to the bearish sentiment in world vegetable oils. Speculative positioning also weighed on values, although relatively wide crush margins remained somewhat supportive on the other side.

A storm bringing snow to much of southern Saskatchewan and Manitoba will likely cause seeding delays in the region, especially if fields are slow to dry out due to cool temperatures in the forecasts.

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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.