Loading…
Canadian cash oat bids remain firm heading into winter, with Grain Millers offering C$3.50 per bushel for delivery into next summer and deferred bids reaching C$4 in Manitoba. Thin liquidity in Chicago oats futures has left the Canadian cash market trading largely independently of futures.
Tight late-crop-year supplies and quality concerns from a delayed harvest support cash oat prices, though limited upside is expected. Aggressive bids for 2019 seeding suggest buyers expect higher oat acreage, which could ease supply later.
manitobacooperator.caGFM Network News, Phil Franz-WarkentinNov 23, 2018Not 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.
