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Australian feed grain prices, including oats, are rising in the Goulburn Valley as minimal pasture growth since late summer and an early frost increase livestock demand for grain. Growers report oats becoming hard to source, with prices up sharply compared with previous years.
Poor pasture growth pushes livestock producers toward grain feeding, tightening domestic oat and feed grain supplies and supporting higher local feed prices.
countrynews.com.auAndy WilsonMay 26, 2024After 68 past bullish weather events, Oats moved a median -0.8% over 5 sessions (47% higher; middle half -3.6% to +3.9%), and -0.3% over 20.
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.
