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Agriculture and Agri-Food Canada's June outlook cut its 2023-24 durum price forecast to $430/t from $450/t and projected a 33% rebound in Canadian oat output. It also expects the new-crop oat price to fall $40/t and the new-crop barley price to be $20/t lower.
A larger Canadian oat crop and lower new-crop barley and oat prices point to cheaper feed grain alternatives for buyers in the coming crop year.
saskagtoday.comKevin HurshJun 25, 2024After 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.
Not enough comparable past events yet for a historical read.
After 406 past neutral report events, WHEAT moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
