Canola Commodity Update for the Week Ending Aug 04, 2023

For the week of Jul 31, 2023, canola finished with a price of 797.5. Last week, canola finished with a price of 809.1, representing a drop of 1.4%.

The lowest point for canola during the week was on Aug 02, 2023, when the price was only 774.

The difference in canola from Jul 04, 2023 and Aug 04, 2023 saw the price of canola rise by 7.9%. At this time last month, prices were at 739.4 and have now jumped to 797.5.

Canola has also seen price drops since last year. Around this time in 2022, the prices were at 830.6. The change in prices from last year equal a decrease of 4%.

Canola's low point for 2022 came on Jan 03, 2022, when the price held at 740.2.

Canola’s total volume for the week of Jul 31, 2023 was 86348. The worst day this week for canola came on Aug 04, 2023 when the price fell to 14345.

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