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ICE canola futures showed mixed performance as the market absorbed the potential impacts of U.S. biofuels policies and the ongoing U.S.-China trade discussions on U.S. soybean demand.
July canola (RSN5) closed down $7.80 at $721.50 per metric ton.
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November canola (RSX5) finished up $2.30 at $692.10 per metric ton.
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Traders remain cautious as shifts in biofuel regulations and trade agreements continue to influence commodity prices, particularly in relation to the competitive positioning between canola and soyoil.
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