# Canola's rally pushes cash prices higher - Grainews

> Canola futures rallied more than $18 over two days after the Renewable Fuels Association said President Trump would issue an executive order changing the national biofuels program and shifting the point of obligation. A White House representative denied those claims. Cash prices firmed, but analysts described the rally as short-lived.

- Date: 2017-03-02 · published 2017-03-02T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/72117-canola-s-rally-pushes-cash-prices-higher-grainews
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A biofuels policy shift toward blending obligations would support demand for vegetable oils used in biodiesel, lifting oilseed values. The denial and the lack of follow-through leave the support uncertain, so the price effect is likely temporary.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2017-05-01 | [Canola markets turn slightly higher](https://feedsoft.ai/events/71115-canola-markets-turn-slightly-higher.md) | +4.0% | +0.5% |
| SBO | 2022-10-27 | [Priority No. 1 for canola growers: ‘produce more’ - Grainews](https://feedsoft.ai/events/39096-priority-no-1-for-canola-growers-produce-more-grainews.md) | +1.2% | -1.2% |
| SBO | 2018-07-24 | [France's Avril Raises Biodiesel Output On Higher Oil Prices, Demand](https://feedsoft.ai/events/64125-france-s-avril-raises-biodiesel-output-on-higher-oil-prices-demand.md) | +1.2% | +2.0% |
| SBO | 2023-08-09 | [Canola crushing it \| World Grain](https://feedsoft.ai/events/34553-canola-crushing-it-world-grain.md) | -0.4% | -5.1% |
| SBO | 2026-08-01 | [U.S. Biofuel Boom: What’s Driving Record Soybean Crush, and Will It Fuel Higher Prices?](https://feedsoft.ai/events/18452-u-s-biofuel-boom-what-s-driving-record-soybean-crush-and-will-it-fuel-higher.md) | +3.6% | +2.3% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/canolas-rally-pushes-cash-prices-higher/

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