Canola Commodity Update for the Week Ending May 03, 2024

Canola closed the week of Apr 29, 2024 at 647. When compared with last week’s price of 634.4, canola’s value jumped by 2% in one week.

Canola’s high of the week came on May 03, 2024, when the price held at 647.

The difference in canola from Apr 03, 2024 and May 03, 2024 saw the price of canola rise by 0.6%. At this time last month, prices were at 642.9 and have now jumped to 647.

Canola has also seen price drops since last year. Around this time in 2023, the prices were at 695.5. The change in prices from last year equal a decrease of 7%.

2023's high for canola occurred on Jan 06, 2023, when the price reached 834.6.

The total volume for canola this week was 135177. The commodity’s best performing day of the week was May 03, 2024, when the price reached 31247.

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