Canola Commodity Update for the Week Ending Oct 21, 2022

Canola closed the week of Oct 17, 2022 at 880.5. When compared with last week’s price of 869.1, canola’s value jumped by 1.3% in one week.

Canola’s high of the week came on Oct 21, 2022, when the price held at 880.5.

The difference in canola from Sep 21, 2022 and Oct 21, 2022 saw the price of canola rise by 8.4%. At this time last month, prices were at 811.9 and have now jumped to 880.5.

Canola has also seen an improvement from last year. At this time in 2021, the price was at 704.4. The change in prices from a year ago represents an increase of 25%.

2021's high for canola occurred on Nov 17, 2021, when the price reached 841.8.

The total volume for canola this week was 87894. The commodity’s best performing day of the week was Oct 19, 2022, when the price reached 20457.

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