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The Canola Council of Canada welcomed Canada's signing of the CPTPP trade agreement in Santiago, Chile. The deal will eliminate canola oil and canola meal tariffs in markets such as Japan once implemented, enabling more value-added canola exports.
Removing tariffs on canola oil and meal in CPTPP markets could increase export demand for Canadian value-added products, a bullish factor for canola complex prices, though implementation timing is still uncertain.
canolacouncil.orgCanola CouncilMar 7, 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.
