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MLT Aikins lawyers review the impact of China's tariffs on Canadian canola oil and meal and the threat of US tariffs on Canadian canola products. They note that in 2024 Canada exported $920.9 million of canola meal and $21 million of canola oil to China.
A US executive order on April 2 exempted CUSMA-qualifying goods.
Exemptions for CUSMA-compliant goods limit the US tariff threat, but ongoing uncertainty may delay planting and trade decisions. Canadian canola meal and oil export flows face pressure, which can weigh on canola complex prices.
mltaikins.comRichelle StarkeApr 22, 2025Not 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.
