Canola Commodity Update for the Week Ending Feb 03, 2023

Canola closed the week of Jan 30, 2023 at 828.9. When compared with last week’s price of 807.5, canola’s value jumped by 2.7% in one week.

Canola’s high of the week came on Jan 31, 2023, when the price held at 831.2.

In just a month, canola’s prices dropped by 4.5%. At this time last month, they were at 867.7 and have since dropped to 828.9.

Canola has also seen an improvement from last year. At this time in 2022, the price was at 811.9. The change in prices from a year ago represents an increase of 2.1%.

2022's high for canola occurred on Apr 28, 2022, when the price reached 1109.9.

The total volume for canola this week was 58061. The commodity’s best performing day of the week was Feb 03, 2023, when the price reached 14185.

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