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CBOT July oats settled at US$4.0175 per bushel on May 9, their highest close since early December, as wheat strength spilled over. Analysts cited tight old- and new-crop oat stocks and smaller global exports, with Canadian oat stocks down 50.9%.
Tight oat stocks and wheat-linked strength push oat prices higher, increasing feed costs for buyers using oats in rations.
farmtario.comFarmtarioJun 1, 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.
