Canola Commodity Update for the Week Ending Nov 03, 2023

For the week of Oct 30, 2023, canola finished with a price of 692.3. Last week, canola finished with a price of 693.2, representing a drop of 0.1%.

The lowest point for canola during the week was on Nov 01, 2023, when the price was only 673.3.

In just a month, canola’s prices dropped by 4.6%. At this time last month, they were at 725.4 and have since dropped to 692.3.

Canola has also seen price drops since last year. Around this time in 2022, the prices were at 877.7. The change in prices from last year equal a decrease of 21.1%.

Canola's low point for 2022 came on Jan 03, 2022, when the price held at 739.5.

Canola’s total volume for the week of Oct 30, 2023 was 105445. The worst day this week for canola came on Nov 01, 2023 when the price fell to 16937.

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