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The Canola Council of Canada urged the federal government to advance Trans-Pacific Partnership implementation at a meeting of the 11 remaining member countries in Da Nang, Vietnam, from November 6 to 11. The council says tariff elimination in Japan and Vietnam over five years could raise Canadian canola oil and meal exports by up to $780 million per year.
Lower tariffs on canola oil and meal in Japan and Vietnam would shift demand toward Canadian value-added products and away from U.S. soybean oil. This is a longer-term support for canola meal and oil demand.
canolacouncil.orgCanola CouncilOct 31, 2017Not enough comparable past events yet for a historical read.
After 152 past bearish trade events, Soybean Oil moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% over 20.
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.
