Canola Commodity Update for the Week Ending Jun 02, 2023

For the week of May 29, 2023, canola finished with a price of 637.6. Last week, canola finished with a price of 658.8, representing a drop of 3.2%.

The lowest point for canola during the week was on May 31, 2023, when the price was only 624.8.

In just a month, canola’s prices dropped by 6.7%. At this time last month, they were at 683.4 and have since dropped to 637.6.

Canola has also seen price drops since last year. Around this time in 2022, the prices were at 926.4. The change in prices from last year equal a decrease of 31.2%.

Canola's low point for 2022 came on Jan 03, 2022, when the price held at 740.2.

Canola’s total volume for the week of May 29, 2023 was 79814. The worst day this week for canola came on May 29, 2023 when the price fell to 4741.

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