Canola Commodity Update for the Week Ending Oct 20, 2023

For the week of Oct 16, 2023, canola finished with a price of 704.4. Last week, canola finished with a price of 725.1, representing a drop of 2.9%.

The lowest point for canola during the week was on Oct 20, 2023, when the price was only 704.4.

In just a month, canola’s prices dropped by 5.5%. At this time last month, they were at 745.1 and have since dropped to 704.4.

Canola has also seen price drops since last year. Around this time in 2022, the prices were at 850. The change in prices from last year equal a decrease of 17.1%.

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 16, 2023 was 118673. The worst day this week for canola came on Oct 17, 2023 when the price fell to 16863.

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