Canola Commodity Update for the Week Ending Feb 16, 2024

For the week of Feb 12, 2024, canola finished with a price of 587.7. Last week, canola finished with a price of 596.9, representing a drop of 1.5%.

The lowest point for canola during the week was on Feb 15, 2024, when the price was only 577.

In just a month, canola’s prices dropped by 7.7%. At this time last month, they were at 636.4 and have since dropped to 587.7.

Canola has also seen price drops since last year. Around this time in 2023, the prices were at 803.5. The change in prices from last year equal a decrease of 26.9%.

Canola's low point for 2023 came on May 31, 2023, when the price held at 641.9.

Canola’s total volume for the week of Feb 12, 2024 was 160943. The worst day this week for canola came on Feb 16, 2024 when the price fell to 24101.

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