Canola Commodity Update for the Week Ending May 17, 2024

For the week of May 13, 2024, canola finished with a price of 661.1. Last week, canola finished with a price of 663.6, representing a drop of 0.4%.

The lowest point for canola during the week was on May 15, 2024, when the price was only 649.3.

The difference in canola from Apr 17, 2024 and May 13, 2024 saw the price of canola rise by 6%. At this time last month, prices were at 623.8 and have now jumped to 661.1.

Canola has also seen price drops since last year. Around this time in 2023, the prices were at 691.2. The change in prices from last year equal a decrease of 4.4%.

Canola's low point for 2023 came on May 31, 2023, when the price held at 646.

Canola’s total volume for the week of May 13, 2024 was 113806. The worst day this week for canola came on May 16, 2024 when the price fell to 16001.

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