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The Canola Council of Canada and Canadian Canola Growers Association condemned Trump's announced 25 per cent tariffs on Canadian canola seed, oil and meal, effective February 4, 2025. The groups cited $8.6 billion in 2023 US export value, including about 3 million tonnes of oil and 3.5 million tonnes of meal.
Tariffs on canola oil and meal entering the US would reduce Canadian export demand and could push Canadian canola prices lower relative to futures.
canolacouncil.orgCaroline TrawegerFeb 2, 2025Not enough comparable past events yet for a historical read.
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.
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.
