Loading…
Oat planting is expected to expand sharply, with Canadian acreage projected to rise 9% to the largest since 2009, according to a February government report. Industry analysts warn that the planting boost will outpace export and milling demand, and that prices could fall once seeding begins in spring.
Expected acreage growth points to a looming oat supply surplus, which is bearish for prices and could lower feed oat costs later in 2020.
latimes.comJen Skerritt, Michael HirtzerFeb 28, 2020After 72 past bearish report events, Oats moved a median +0.2% over 5 sessions (50% higher; middle half -3.7% to +3.8%), and -2.5% over 20.
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.
