Canola Commodity Update for the Week Ending Jun 07, 2024

For the week of Jun 03, 2024, canola finished with a price of 649.5. Last week, canola finished with a price of 683.2, representing a drop of 4.9%.

The lowest point for canola during the week was on Jun 05, 2024, when the price was only 642.

In just a month, canola’s prices dropped by 4.7%. At this time last month, they were at 681.4 and have since dropped to 649.5.

Canola has also seen an improvement from last year. At this time in 2023, the price was at 638.1. The change in prices from a year ago represents an increase of 1.8%.

Canola's low point for 2023 came on May 31, 2023, when the price held at 613.6.

Canola’s total volume for the week of Jun 03, 2024 was 162115. The worst day this week for canola came on Jun 07, 2024 when the price fell to 27429.

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