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ICE canola futures fell on Thursday as China's 100% tariffs on Canadian canola oil and meal took effect. May canola settled down C$11.50 at C$572.70 per metric ton, and nearby contracts also declined.
Soyoil and European rapeseed futures rose modestly.
Blocked Chinese demand for Canadian canola meal and oil weakens the export outlook for Canadian canola products, pressuring canola prices. Canada's second-largest meal market is effectively closed to it.
tradingview.comMar 20, 2025Not 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.
