Loading…
CBOT oats futures rose to their highest settlement in five months on May 9, with the July contract closing at US$4.0175 per bushel, its third straight session at or above US$4. Analysts attributed the rally to tight old- and new-crop stocks and spillover from wheat gains, with Statistics Canada reporting oat stocks down 50.9% year on year.
Tight North American oat supplies and a smaller global crop support oat prices, raising costs for oat-based feed rations even as milling demand has softened.
marketsfarm.comAdam PeleshatyMay 9, 2024Not enough comparable past events yet for a historical read.
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.
