Canola futures closed mixed on Wednesday, with the new-crop premium to old crop narrowing.
Chicago soybeans and soybean oil were higher today, lifted in part by news earlier this week that American lawmakers are proposing to extend the 45Z American clean fuel tax credit to 2031 from its current 2027 expiration.
European rapeseed futures were lower today, while palm oil was higher.
July canola lost $7.80 to $721.50, and November was up $2.30 at $692.10.
