Canola Commodity Update for the Week Ending Nov 04, 2022

Canola closed the week of Oct 31, 2022 at 895.3. When compared with last week’s price of 869.4, canola’s value jumped by 3% in one week.

Canola’s high of the week came on Nov 03, 2022, when the price held at 897.1.

The difference in canola from Oct 04, 2022 and Nov 03, 2022 saw the price of canola rise by 1.9%. At this time last month, prices were at 878.3 and have now jumped to 895.3.

Canola has also seen an improvement from last year. At this time in 2021, the price was at 757.4. The change in prices from a year ago represents an increase of 18.2%.

2021's high for canola occurred on Nov 17, 2021, when the price reached 834.7.

The total volume for canola this week was 67509. The commodity’s best performing day of the week was Nov 02, 2022, when the price reached 17910.

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