# 2024 Oat Forecast Leaves Market on Edge

> AAFC's latest estimates raise Canadian oat production by 874,000 mt to 3.51 million mt for 2024-25 on 3.07 million seeded acres. Ending stocks are forecast at 400,000 mt, well below the five-year average of 618,200 mt.

- Date: 2024-03-21 · published 2024-03-21T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/31266-2024-oat-forecast-leaves-market-on-edge
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

Higher output eases supply, but ending stocks remain far below average, so the net effect on oat prices is balanced and tight carryout keeps support under the market.

## Read by commodity

- OATS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| OATS | 2024-02-28 | [W8 Oat Update: USDA Maintained 2023/24 Oat Production Forecast Amidst Downward Revision in World Cereal Output](https://feedsoft.ai/events/31715-w8-oat-update-usda-maintained-2023-24-oat-production-forecast-amidst-downward.md) | -1.2% | -4.2% |
| OATS | 2016-07-21 | [Canada’s grain production forecast flat \| World-grain.com \| July 21, 2016 19:19 \| World Grain](https://feedsoft.ai/events/11817-canada-s-grain-production-forecast-flat-world-grain-com-july-21-2016-19-19.md) | -4.3% | -17.1% |
| OATS | 2019-08-29 | [Large oat production won’t move prices](https://feedsoft.ai/events/5698-large-oat-production-won-t-move-prices.md) | +8.3% | +6.4% |
| OATS | 2024-04-03 | [Could oats emerge as the top choice for this season's harvest? \| promo24.com](https://feedsoft.ai/events/30787-could-oats-emerge-as-the-top-choice-for-this-season-s-harvest-promo24-com.md) | -6.5% | +5.2% |
| OATS | 2023-12-22 | [W50 Oats Update: USDA’s World Oats Outlook for 2023/24 Unchanged, Spanish Markets React to Climate Tensions, and Oats Prices Fluctuate Globally](https://feedsoft.ai/events/32754-w50-oats-update-usda-s-world-oats-outlook-for-2023-24-unchanged-spanish-markets.md) | +6.1% | +1.9% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/canada-markets/blog-post/2024/03/21/2024-oat-forecast-leaves-market-edge

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