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Trump's proposed 25% tariff on all Canadian goods, set for February 1, has raised concern that Canadian canola flows to the US could shrink. Prime Minister Justin Trudeau has promised a robust response, and retaliatory tariffs are expected.
Some canola could be redirected to the EU, which would ease EU supply concerns.
Lower Canadian canola flows to the US would ease Canadian supply, but a shift to EU markets would tighten European supply. The net effect on canola and meal prices depends on whether tariffs take effect and how Canada responds.
expanamarkets.comNick WoodJan 27, 2025Not enough comparable past events yet for a historical read.
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.
