Canola Commodity Update for the Week Ending Oct 07, 2022

Canola closed the week of Oct 03, 2022 at 870.4. When compared with last week’s price of 852, canola’s value jumped by 2.2% in one week.

Canola’s high of the week came on Oct 05, 2022, when the price held at 873.4.

The difference in canola from Sep 06, 2022 and Oct 05, 2022 saw the price of canola rise by 9%. At this time last month, prices were at 798.6 and have now jumped to 870.4.

Canola has also seen an improvement from last year. At this time in 2021, the price was at 735.1. The change in prices from a year ago represents an increase of 18.4%.

2021's high for canola occurred on Nov 17, 2021, when the price reached 838.9.

The total volume for canola this week was 64759. The commodity’s best performing day of the week was Oct 04, 2022, when the price reached 27524.

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