Canola Commodity Update for the Week Ending Jan 26, 2024

For the week of Jan 22, 2024, canola finished with a price of 624.2. Last week, canola finished with a price of 628.3, representing a drop of 0.7%.

The lowest point for canola during the week was on Jan 25, 2024, when the price was only 623.1.

In just a month, canola’s prices dropped by 4.7%. At this time last month, they were at 655.3 and have since dropped to 624.2.

Canola has also seen price drops since last year. Around this time in 2023, the prices were at 798. The change in prices from last year equal a decrease of 21.8%.

Canola's low point for 2023 came on May 31, 2023, when the price held at 636.6.

Canola’s total volume for the week of Jan 22, 2024 was 98406. The worst day this week for canola came on Jan 25, 2024 when the price fell to 18001.

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