Canola futures closed mixed on Tuesday, with the nearby March contract slipping and new-crop November a bit higher.
Support came from advances in Chicago soybeans and soybean oil, as well as European rapeseed. Palm oil provided little direction. On the other hand, continued concerns about potential US tariffs, as US President Donald Trump’s March deadline for the imposition of tariffs marches ever closer.
March canola fell $1.60 to $661.90, and November was up 30 cents at $654.
