Canola Commodity Update for the Week Ending Oct 27, 2023

For the week of Oct 23, 2023, canola finished with a price of 693.2. Last week, canola finished with a price of 704.4, representing a drop of 1.6%.

The lowest point for canola during the week was on Oct 26, 2023, when the price was only 682.1.

In just a month, canola’s prices dropped by 5.6%. At this time last month, they were at 734.7 and have since dropped to 693.2.

Canola has also seen price drops since last year. Around this time in 2022, the prices were at 850.8. The change in prices from last year equal a decrease of 18.5%.

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 23, 2023 was 114518. The worst day this week for canola came on Oct 27, 2023 when the price fell to 18744.

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