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China's retaliatory tariffs on Canadian farm and food products, worth over $2.6 billion, took effect March 20. A 100% duty applies to about $1 billion of canola oil, canola meal cakes and peas, and a 25% duty applies to $1.6 billion of aquatic products and pork.
Unprocessed canola seed is excluded.
Canadian canola oil and meal are effectively shut out of China, pushing supply toward other buyers and pressuring Canadian canola complex prices, while China's meal buyers look to alternative origins.
reuters.comEd WhiteMar 20, 2025Not enough comparable past events yet for a historical read.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% 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.
