Canola Commodity Update for the Week Ending Mar 01, 2024

Canola closed the week of Feb 26, 2024 at 590.8. When compared with last week’s price of 578.2, canola’s value jumped by 2.2% in one week.

Canola’s high of the week came on Feb 29, 2024, when the price held at 593.7.

In just a month, canola’s prices dropped by 2.9%. At this time last month, they were at 608.4 and have since dropped to 590.8.

Canola has also seen price drops since last year. Around this time in 2023, the prices were at 797.8. The change in prices from last year equal a decrease of 25.9%.

2023's high for canola occurred on Jan 06, 2023, when the price reached 837.3.

The total volume for canola this week was 122087. The commodity’s best performing day of the week was Feb 27, 2024, when the price reached 37622.

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