Canola futures ended little changed on Wednesday, with gains in crude oil but losses in Chicago soybeans and soybean oil.
Middle East tensions remained elevated today, despite President Trump’s extension of the Iran ceasefire, as shipping disruptions and vessel seizures in the Strait of Hormuz continued. However, overbought sentiment weighed on soybeans and soybean oil futures after recent gains. On the other hand, palm oil and European rapeseed were higher.
July canola was steady at $735, and November inched 40 cents higher to $730.40.
