Canada has gained preferential market access through three trade agreements since September 2017, including the CETA with the European Union. The CETA eliminated tariffs on canola oil and biodiesel entering EU member states and was implemented in September 2017.
The Canola Council says the goal is to capture more value for Canadian canola exports.
Lower tariffs in key export markets should support canola export flows and value, although the benefits are gradual and do not offset the current China disruption.
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.