Canola Commodity Update for the Week Ending Jan 19, 2024

Canola closed the week of Jan 15, 2024 at 628.3. When compared with last week’s price of 627, canola’s value jumped by 0.2% in one week.

Canola’s high of the week came on Jan 18, 2024, when the price held at 631.8.

In just a month, canola’s prices dropped by 4.3%. At this time last month, they were at 656.5 and have since dropped to 628.3.

Canola has also seen price drops since last year. Around this time in 2023, the prices were at 810.9. The change in prices from last year equal a decrease of 22.5%.

2023's high for canola occurred on Jan 06, 2023, when the price reached 839.

The total volume for canola this week was 87875. The commodity’s best performing day of the week was Jan 19, 2024, when the price reached 23252.

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