Canola Commodity Update for the Week Ending Feb 23, 2024

For the week of Feb 19, 2024, canola finished with a price of 578.2. Last week, canola finished with a price of 587.7, representing a drop of 1.6%.

The lowest point for canola during the week was on Feb 23, 2024, when the price was only 578.2.

In just a month, canola’s prices dropped by 10.1%. At this time last month, they were at 643.1 and have since dropped to 578.2.

Canola has also seen price drops since last year. Around this time in 2023, the prices were at 803.1. The change in prices from last year equal a decrease of 28%.

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 19, 2024 was 122427. The worst day this week for canola came on Feb 23, 2024 when the price fell to 23652.

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