Canola Commodity Update for the Week Ending Aug 16, 2024

For the week of Aug 12, 2024, canola finished with a price of 564.1. Last week, canola finished with a price of 592.1, representing a drop of 4.7%.

The lowest point for canola during the week was on Aug 16, 2024, when the price was only 564.1.

In just a month, canola’s prices dropped by 9.2%. At this time last month, they were at 621.2 and have since dropped to 564.1.

Canola has also seen price drops since last year. Around this time in 2023, the prices were at 757. The change in prices from last year equal a decrease of 25.5%.

Canola's low point for 2023 came on May 31, 2023, when the price held at 613.6.

Canola’s total volume for the week of Aug 12, 2024 was 123226. The worst day this week for canola came on Aug 15, 2024 when the price fell to 18349.

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