# MMN May 2024 - Straights Update | Helping farmers in Scotland

> AHDB spring supply estimates show well-above-average end-of-season wheat and barley stocks in the UK, with oat ending stocks the smallest since 2011/12. Crop condition reports show poor winter sowings after a very wet autumn and winter, with French soft wheat rated at its poorest since 2020.

- Date: 2024-05-09 · published 2024-05-09T12:00:00.000Z
- Category: weather · region Europe · magnitude low
- Page: https://feedsoft.ai/events/30302-mmn-may-2024-straights-update-helping-farmers-in-scotland
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Smaller UK oat supplies and poor European crop conditions support feed grain prices, while large UK wheat and barley stocks limit upside for those grains.

## Read by commodity

- OATS: bullish ▲
- WHEAT: neutral
- BARLEY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| OATS | 2023-09-01 | [W34: Oats Update](https://feedsoft.ai/events/34165-w34-oats-update.md) | +1.7% | -7.9% |
| OATS | 2023-05-18 | [W19: Oats Update](https://feedsoft.ai/events/35992-w19-oats-update.md) | -3.9% | +17.6% |
| OATS | 2023-06-15 | [W23: Oats Update](https://feedsoft.ai/events/35534-w23-oats-update.md) | +2.0% | +0.4% |
| OATS | 2026-10-09 | [Oat Market Update: CBOT Rally vs. Stable EU Feed Oat Prices — CMB News](https://feedsoft.ai/events/468-oat-market-update-cbot-rally-vs-stable-eu-feed-oat-prices-cmb-news.md) | -5.9% | -17.1% |
| OATS | 2021-05-13 | [Market Perspectives – May 13, 2021 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/7462-market-perspectives-may-13-2021-page-7-of-10-u-s-grains-and-bioproducts-council.md) | -7.1% | +2.0% |
| WHEAT | 2025-06-01 | [May 2025 ENSO update: eye of neutral](https://feedsoft.ai/events/24585-may-2025-enso-update-eye-of-neutral.md) | +2.9% | +1.7% |
| WHEAT | 2020-05-28 | [El Niño / La Niña Update (May 2020)](https://feedsoft.ai/events/53044-el-nino-la-nina-update-may-2020.md) | -0.7% | -0.2% |
| WHEAT | 2022-05-05 | [Weekly update - 5 May 2022 - DAFF](https://feedsoft.ai/events/41377-weekly-update-5-may-2022-daff.md) | -0.2% | +0.3% |

## Sources

- fas.scot: https://www.fas.scot/article/mmn-may-2024-straights-update/

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