# News

> ICE canola futures were mostly lower late Tuesday morning after Donald Trump said he could impose 25% tariffs on U.S. imports from Canada and other countries as early as Feb. 1. Pressure also came from weaker Chicago soyoil and European rapeseed, with the Canadian dollar slipping to 69.60 US cents.

- Date: 2025-01-21 · published 2025-01-21T12:00:00.000Z
- Category: trade · region Canada · magnitude high
- Page: https://feedsoft.ai/events/26599-news
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Tariff risk threatens Canada's canola exports, which are overwhelmingly bound for the US, so the threat weighs on canola and its oil and meal prices. Canola meal also competes with soymeal, so the downside pressure extends across the oilseed complex.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- USDCAD: bearish ▼
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2019-02-27 | [Grain, oilseed rally fizzles - Brownfield Ag News](https://feedsoft.ai/events/11850-grain-oilseed-rally-fizzles-brownfield-ag-news.md) | -1.2% | -4.8% |
| SBO | 2025-03-03 | [ICE canola futures fall with oils — TradingView News](https://feedsoft.ai/events/11139-ice-canola-futures-fall-with-oils-tradingview-news.md) | -3.5% | -0.7% |
| SBO | 2020-03-23 | [Palm Oil News - The CPO Markets Would Keep Decreasing](https://feedsoft.ai/events/54013-palm-oil-news-the-cpo-markets-would-keep-decreasing.md) | +4.7% | +1.3% |
| SBO | 2021-12-17 | [Grains, oilseeds finish mixed Friday - Brownfield Ag News](https://feedsoft.ai/events/11533-grains-oilseeds-finish-mixed-friday-brownfield-ag-news.md) | +0.6% | +3.7% |
| SBO | 2019-04-05 | [Soybeans, corn down on lack of China deal - Brownfield Ag News](https://feedsoft.ai/events/59636-soybeans-corn-down-on-lack-of-china-deal-brownfield-ag-news.md) | -0.8% | -7.3% |
| SBM | 2017-09-26 | [Grains And Oilseeds News In Brief](https://feedsoft.ai/events/68815-grains-and-oilseeds-news-in-brief.md) | -0.3% | +1.9% |
| SBM | 2018-09-14 | [Wheat manages week to week gains - Brownfield Ag News](https://feedsoft.ai/events/63071-wheat-manages-week-to-week-gains-brownfield-ag-news.md) | +0.0% | +0.5% |
| SBM | 2016-08-31 | [Soybeans hit new multi-month lows - Brownfield Ag News](https://feedsoft.ai/events/12396-soybeans-hit-new-multi-month-lows-brownfield-ag-news.md) | +3.2% | -4.5% |

## Sources

- marketsfarm.com: https://marketsfarm.com/ice-canola-midday-renewed-tariff-threat-pulling-prices-down/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.