Canola Commodity Update for the Week Ending May 31, 2024

For the week of May 27, 2024, canola finished with a price of 661. Last week, canola finished with a price of 666.7, representing a drop of 0.9%.

The lowest point for canola during the week was on May 30, 2024, when the price was only 660.2.

The difference in canola from Apr 30, 2024 and May 27, 2024 saw the price of canola rise by 7%. At this time last month, prices were at 618 and have now jumped to 661.

Canola has also seen an improvement from last year. At this time in 2023, the price was at 646. The change in prices from a year ago represents an increase of 2.3%.

Canola's low point for 2023 came on May 31, 2023, when the price held at 646.

Canola’s total volume for the week of May 27, 2024 was 90208. The worst day this week for canola came on May 27, 2024 when the price fell to 6218.

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