Canola Commodity Update for the Week Ending May 05, 2017

Canola closed the week of May 01, 2017 at 525.8. When compared with last week’s price of 514.7, canola’s value jumped by 2.2% in one week.

Canola’s high of the week came on May 05, 2017, when the price held at 525.8.

The difference in canola from Apr 05, 2017 and May 05, 2017 saw the price of canola rise by 6.5%. At this time last month, prices were at 493.7 and have now jumped to 525.8.

Canola has also seen an improvement from last year. At this time in 2016, the price was at 501.3. The change in prices from a year ago represents an increase of 4.9%.

2016's high for canola occurred on Dec 07, 2016, when the price reached 541.9.

The total volume for canola this week was 45350. The commodity’s best performing day of the week was May 05, 2017, when the price reached 14550.

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