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Saskatchewan Premier Scott Moe said Canadian canola can expand into domestic North American and European markets, especially for renewable fuels. The comments follow a research report showing 90% of Canada's canola exports go to the US and China, and a deal cutting China's canola seed tariff to about 16%.
Reduced Chinese tariffs support canola demand, but the market's reliance on two buyers keeps it exposed to trade disruption. Diversification into biofuels could support demand over the longer term.
bnnbloomberg.caAnam KhanJan 23, 2026Not enough comparable past events yet for a historical read.
After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), and -0.5% 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.
