# Oat prices rise to five-month highs - MarketsFarm

> 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.

- Date: 2024-05-09 · published 2024-05-09T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/30299-oat-prices-rise-to-five-month-highs-marketsfarm
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

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.

## Read by commodity

- OATS: bullish ▲
- WHEAT: bullish ▲

## Sources

- marketsfarm.com: https://marketsfarm.com/oat-prices-rise-to-five-month-highs/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.