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Barchart's Jim Wyckoff argues March oats futures are set up for further gains after a three-week high and a bullish reversal pattern. He cites lower U.S. and North American oat supplies from drought and rising global oat demand, with resistance at $3.12 and an upside target of $3.50.
Smaller North American oat supplies and firmer demand support oat prices, though the price view is technical and speculative.
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.