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US oat futures for March delivery hit a fresh contract high in early December 2020. Speculators increased their net-long positions in oats while reducing them in several other grains.
USDA November estimates showed higher US production and the highest ending stocks in three years, alongside forecast imports of 94 million bushels.
Heavy import forecasts and rising Canadian production cap upside, but speculative buying and strong global feed demand support prices for feed oats.
borostos.blogspot.comKanca DepanDec 9, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
