
Analyst Chuck Penner says Chinese tariffs and uncertainty over US biofuel policy are weighing on Canadian canola export projections. He expects a carryout of just over 4.5 million tonnes and higher crush from new plants in Regina and Yorkton.
Lower exports and a sizable carryout are bearish, though US biofuel import decisions could shift demand and support prices.
Not enough comparable past events yet for a historical read.
After 81 past neutral trade events, Soybean Oil moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +1.8%), and +0.9% 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.