Canola Commodity Update for the Week Ending May 17, 2019

Canola closed the week of May 13, 2019 at 443.2. When compared with last week’s price of 435.8, canola’s value jumped by 1.7% in one week.

Canola’s high of the week came on May 16, 2019, when the price held at 447.

In just a month, canola’s prices dropped by 3.4%. At this time last month, they were at 458.7 and have since dropped to 443.2.

Canola has also seen price drops since last year. Around this time in 2018, the prices were at 525.9. The change in prices from last year equal a decrease of 15.7%.

2018's high for canola occurred on May 30, 2018, when the price reached 536.

The total volume for canola this week was 61369. The commodity’s best performing day of the week was May 14, 2019, when the price reached 14212.

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