Canola Commodity Update for the Week Ending Jan 06, 2023

Canola closed the week of Jan 02, 2023 at 868.9. When compared with last week’s price of 865.8, canola’s value jumped by 0.4% in one week.

Canola’s high of the week came on Jan 03, 2023, when the price held at 871.6.

The difference in canola from Dec 06, 2022 and Jan 03, 2023 saw the price of canola rise by 3.5%. At this time last month, prices were at 839.7 and have now jumped to 868.9.

Canola has also seen an improvement from last year. At this time in 2022, the price was at 778.7. The change in prices from a year ago represents an increase of 11.6%.

2022's high for canola occurred on Apr 28, 2022, when the price reached 1125.6.

The total volume for canola this week was 56736. The commodity’s best performing day of the week was Jan 04, 2023, when the price reached 20999.

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