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: Wisconsin Corn and Soybean Weed Management Updates and Considerations for 2026 and Beyond

Dr. Rodrigo Werle, associate professor and extension weed scientist, UW–Madison, shares the latest updates and future considerations for corn and soybean weed management in Wisconsin. This presentation covers herbicide resistance trends in waterhemp, including newly confirmed cases of HPPD and S-metolachlor resistance, and emphasizes the importance of residual herbicides and strategic tank mixes for consistent control. Rodrigo also introduces upcoming technologies like Vyconic soybeans and new herbicide products, discusses integrated weed management strategies such as planting green with cover crops, and highlights practical recommendations for 2026 and beyond.

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