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The Canola Council of Canada told a parliamentary committee that tariffs in Pacific Alliance countries are hampering canola exports. It argued that a trade agreement could remove those barriers and support value-added processing.
The industry says it exports more than 90% of the canola it grows.
Trade access to Latin American markets affects the demand outlook for Canadian canola seed, oil and meal. The testimony describes a proposal and does not itself change current supply or prices.
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.