# Canola poised for breakthrough despite tariffs - Manitoba Co-operator

> Canola rose nearly $100 per tonne since March 14 despite a sharp escalation in US-China tariffs, closing at $654 per tonne on April 10. China's retaliatory tariffs on US soybeans of up to 145% make US soy imports uneconomic, pushing China toward other sources. Chicago soyoil also rose.

- Date: 2025-04-12 · published 2025-04-12T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/11672-canola-poised-for-breakthrough-despite-tariffs-manitoba-co-operator
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Prohibitive tariffs on US soybeans should shift Chinese demand to Brazilian and Canadian oilseed supplies, supporting canola and soyoil prices.

## Read by commodity

- SBO: bullish ▲
- SOY: bearish ▼
- CANMEAL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CANMEAL | 2025-04-14 | 1 | +4.1% | 3.1 | Canola rallied about $100/t since mid-March despite US-China tariff escalation, with China shunning US soybeans, which supports oilseed and meal demand. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-05-09 | [U.S. grains: Soy futures break 10-year low on China trade tensions - Manitoba Co-operator](https://feedsoft.ai/events/59134-u-s-grains-soy-futures-break-10-year-low-on-china-trade-tensions-manitoba-co.md) | +2.6% | +6.7% |
| SOY | 2023-06-29 | [Soybean influx into China cools buying appetite - Manitoba Co-operator](https://feedsoft.ai/events/35463-soybean-influx-into-china-cools-buying-appetite-manitoba-co-operator.md) | +5.2% | +5.6% |
| SOY | 2022-05-03 | [Chinese soybean crushers slow bean buying on poor margins - Manitoba Co-operator](https://feedsoft.ai/events/14933-chinese-soybean-crushers-slow-bean-buying-on-poor-margins-manitoba-co-operator.md) | -3.2% | +0.6% |
| SOY | 2019-12-09 | [Chinese importers scoop up Brazilian soybeans - Manitoba Co-operator](https://feedsoft.ai/events/55633-chinese-importers-scoop-up-brazilian-soybeans-manitoba-co-operator.md) | +2.0% | +5.1% |
| SOY | 2020-01-31 | [Beijing is in control of global soybean market - Manitoba Co-operator](https://feedsoft.ai/events/55112-beijing-is-in-control-of-global-soybean-market-manitoba-co-operator.md) | +0.5% | +0.8% |
| SBO | 2020-03-05 | [Desire for detente not enough to reignite Malaysian palm oil exports to India \| Malay Mail](https://feedsoft.ai/events/54235-desire-for-detente-not-enough-to-reignite-malaysian-palm-oil-exports-to-india.md) | -7.3% | -11.5% |
| SBO | 2018-07-23 | [Crushing it! – Promising Outlook for US Soy Crush Despite Trade War - Rabobank](https://feedsoft.ai/events/64105-crushing-it-promising-outlook-for-us-soy-crush-despite-trade-war-rabobank.md) | +1.2% | +0.0% |
| SBO | 2021-12-17 | [Canada. Drought takes big bite out of canola exports 17.12.2021 - UkrAgroConsult](https://feedsoft.ai/events/43560-canada-drought-takes-big-bite-out-of-canola-exports-17-12-2021-ukragroconsult.md) | +0.6% | +3.7% |

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/markets/canola-poised-for-breakthrough-despite-tariffs/

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