Canola Commodity Update for the Week Ending May 12, 2023

For the week of May 08, 2023, canola finished with a price of 712.9. Last week, canola finished with a price of 735.1, representing a drop of 3%.

The lowest point for canola during the week was on May 12, 2023, when the price was only 712.9.

In just a month, canola’s prices dropped by 3.9%. At this time last month, they were at 742.1 and have since dropped to 712.9.

Canola has also seen price drops since last year. Around this time in 2022, the prices were at 1067.1. The change in prices from last year equal a decrease of 33.2%.

Canola's low point for 2022 came on Jan 03, 2022, when the price held at 743.5.

Canola’s total volume for the week of May 08, 2023 was 74405. The worst day this week for canola came on May 11, 2023 when the price fell to 12286.

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