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The CPTPP trade agreement takes effect December 30 and will phase out Japanese tariffs on Canadian canola oil and meal over five years. Japan currently charges 15 percent on refined canola oil and 12 percent on crude.
An industry official expects new Prairie crush capacity to be built.
Lower Japanese tariffs should expand Canadian canola product exports and support crush demand, which is supportive for canola meal.
producer.comadminDec 6, 2018Not 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.
