Canola futures ended higher for the first time in three sessions on Wednesday.
Potential US tariffs continued to influence the market, with reports today that a 25% tariff on American imports of Canadian goods will now be delayed until April, rather than being implemented next week. However, much remains uncertain amid mixed messages from the White House.
European rapeseed was higher, which offered some support to canola, while palm oil was little changed and the Chicago soy complex lower. Soybean oil, an important bellwether for canola, has been lower now for four straight days.
May canola was up $7.40 to $664.40, and November was $5.40 higher at $653.10.
