Canola Commodity Update for the Week Ending May 10, 2024

Canola closed the week of May 06, 2024 at 663.6. When compared with last week’s price of 647, canola’s value jumped by 2.6% in one week.

Canola’s high of the week came on May 07, 2024, when the price held at 667.1.

The difference in canola from Apr 10, 2024 and May 07, 2024 saw the price of canola rise by 2.2%. At this time last month, prices were at 649.1 and have now jumped to 663.6.

Canola has also seen price drops since last year. Around this time in 2023, the prices were at 719. The change in prices from last year equal a decrease of 7.7%.

2023's high for canola occurred on Jan 06, 2023, when the price reached 834.6.

The total volume for canola this week was 194740. The commodity’s best performing day of the week was May 06, 2024, when the price reached 51818.

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