
Canada faces a two-front trade war with China and the United States, with China's 100% tariffs on canola oil and meal and 25% duties on pork and aquatic products in effect. Canadian agri-food exports to China and the US reached C$101.3 billion in 2024, and about a third of agribusinesses are affected by retaliatory tariffs.
Lost access to China and the US threatens Canadian oilseed and meal export demand and may shift planting intentions, adding bearish pressure on canola meal.
Not enough comparable past events yet for a historical read.
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.