Canola Commodity Update for the Week Ending May 24, 2024

Canola closed the week of May 20, 2024 at 666.7. When compared with last week’s price of 661.1, canola’s value jumped by 0.8% in one week.

Canola’s high of the week came on May 23, 2024, when the price held at 672.

The difference in canola from Apr 24, 2024 and May 23, 2024 saw the price of canola rise by 4.3%. At this time last month, prices were at 639.4 and have now jumped to 666.7.

Canola has also seen price drops since last year. Around this time in 2023, the prices were at 676.8. The change in prices from last year equal a decrease of 1.5%.

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

The total volume for canola this week was 81645. The commodity’s best performing day of the week was May 21, 2024, when the price reached 24520.

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