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Chicago oats futures have fallen steadily for three months and dropped below US$3 per bushel for the first time in nearly five years, with Western Canadian cash bids well below C$4. Buyers say there is no supportive spillover from wheat, barley or corn, and farmer selling continues steadily despite softer prices.
Ample supply and weak support from other grains point to continued pressure on oat prices until end users restock, likely not before the new year.
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.