Canola Commodity Update for the Week Ending Jul 14, 2023

Canola closed the week of Jul 10, 2023 at 820.8. When compared with last week’s price of 758.7, canola’s value jumped by 8.2% in one week.

Canola’s high of the week came on Jul 14, 2023, when the price held at 820.8.

The difference in canola from Jun 14, 2023 and Jul 14, 2023 saw the price of canola rise by 22.2%. At this time last month, prices were at 671.9 and have now jumped to 820.8.

Canola has also seen an improvement from last year. At this time in 2022, the price was at 818. The change in prices from a year ago represents an increase of 0.3%.

2022's high for canola occurred on May 17, 2022, when the price reached 963.8.

The total volume for canola this week was 111917. The commodity’s best performing day of the week was Jul 12, 2023, when the price reached 26768.

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