
US soybean oil fell early in the week after China imposed a 100% tariff on Canadian canola oil and meal, which hit canola markets. Traders feared canola oil would displace US soyoil, and Brazil's large crop outlook also weighed.
Expected loss of Canadian canola oil imports could tighten US soyoil demand, but the sell-off reflects fear of substitution rather than a confirmed supply change.
After 152 past bearish trade events, Soybean Oil moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% over 20.
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.