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Oat market analysts expect burdensome fall supply as growers signed forward contracts at strong prices and planned more oat acres. Western Canadian acres are expected to rise 9% and U.S. acres 3%, per Agriculture and Agri-Food Canada and USDA estimates.
New-crop prices have been dropping in recent weeks.
Higher intended oat plantings and weakening new-crop prices point to a bearish supply outlook that could ease feed oat prices if crops are average or better.
realagriculture.comKelvin HeppnerMar 2, 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.
