Canola Commodity Update for the Week Ending Mar 22, 2024

Canola closed the week of Mar 18, 2024 at 634.5. When compared with last week’s price of 630.6, canola’s value jumped by 0.6% in one week.

Canola’s high of the week came on Mar 20, 2024, when the price held at 648.6.

The difference in canola from Feb 22, 2024 and Mar 20, 2024 saw the price of canola rise by 9.2%. At this time last month, prices were at 581.3 and have now jumped to 634.5.

Canola has also seen price drops since last year. Around this time in 2023, the prices were at 688.7. The change in prices from last year equal a decrease of 7.9%.

2023's high for canola occurred on Jan 06, 2023, when the price reached 837.3.

The total volume for canola this week was 134077. The commodity’s best performing day of the week was Mar 20, 2024, when the price reached 36165.

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