The CUSMA joint review under Article 34.7 begins July 1, 2026, and each party must confirm in writing whether to extend the agreement. The USTR's 2026 trade estimate names Canadian supply management and dairy TRQs as irritants, and China's suspension of anti-discrimination tariffs on Canadian canola meal and peas expires December 31, 2026.
Uncertainty over the CUSMA review and the expiry of China's canola meal tariff suspension raises risk to Canadian canola meal export access, which could weigh on meal prices.
Not enough comparable past events yet for a historical read.
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.