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ICE March canola settled down C$5.20 at C$645.90 per tonne as tariff threats on Canadian products loomed ahead of a 25% US tariff. Soyoil, rapeseed, palm oil and crude oil also declined.
Expected loss of canola oil sales to the US and broader vegoil weakness pressure canola and its meal values for feed buyers.
tradingview.comMar 3, 2025Not enough comparable past events yet for a historical read.
After 152 past bearish trade events, Soybean Oil moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% over 20.
After 158 past bearish trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Dated 2025-03-03, it reports soyoil falling alongside canola, palm and crude oil as US tariff threats on Canada loomed, which is sentiment-driven vegetable oil weakness matching the move.
