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An independent analyst told Saskatchewan oat growers he expects oat acreage to rise in 2022 after oats were the best-performing commodity in 2021, with prices up about 89% from January 2021 to January 2022. He said acres would likely come at the expense of malt barley and hard red spring wheat, though a summer rebound needs more precipitation.
Higher oat prices and expected acreage gains point to firmer feed oat supplies in Western Canada if weather cooperates, while moisture deficits keep yield risk elevated.
agcanada.comAGCanadaJan 15, 2022Not enough comparable past events yet for a historical read.
Not 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.
