Canola Commodity Update for the Week Ending Feb 03, 2017

For the week of Jan 30, 2017, canola finished with a price of 513.3. Last week, canola finished with a price of 517.9, representing a drop of 0.9%.

The lowest point for canola during the week was on Jan 31, 2017, when the price was only 507.5.

The difference in canola from Jan 03, 2017 and Feb 02, 2017 saw the price of canola rise by 2.6%. At this time last month, prices were at 500.1 and have now jumped to 513.3.

Canola has also seen an improvement from last year. At this time in 2016, the price was at 491. The change in prices from a year ago represents an increase of 4.5%.

Canola's low point for 2016 came on Jul 25, 2016, when the price held at 458.2.

Canola’s total volume for the week of Jan 30, 2017 was 56249. The worst day this week for canola came on Feb 03, 2017 when the price fell to 6072.

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