Canola Commodity Update for the Week Ending Jul 21, 2023

Canola closed the week of Jul 17, 2023 at 825.8. When compared with last week’s price of 820.8, canola’s value jumped by 0.6% in one week.

Canola’s high of the week came on Jul 20, 2023, when the price held at 843.

The difference in canola from Jun 21, 2023 and Jul 20, 2023 saw the price of canola rise by 14.6%. At this time last month, prices were at 720.6 and have now jumped to 825.8.

Canola has also seen an improvement from last year. At this time in 2022, the price was at 782.3. The change in prices from a year ago represents an increase of 5.6%.

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

The total volume for canola this week was 103890. The commodity’s best performing day of the week was Jul 19, 2023, when the price reached 22775.

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