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The Canola Council of Canada welcomed the USMCA agreement, which keeps canola seed, oil and meal tariff-free between the U.S., Canada and Mexico. The updated rules of origin allow Canadian canola-based margarine to enter the U.S. without tariffs.
Tariff-free access preserves North American canola and meal trade flows and supports demand for canola meal. The effect on prices is modest because the trade was already largely open.
canolacouncil.orgCanola CouncilOct 1, 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.
