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The Manitoba Oat Growers Association voted to raise its service charge from $0.50 to $0.75 per tonne on oats sold, the first increase in nearly two decades. The current crop year is expected to show a significant revenue decline after acreage was cut.
Reduced oat acreage in 2023 points to tighter Canadian supplies, but the service charge change itself has negligible direct price impact on feed buyers.
foodbusinessnews.netCrystal FutrellMar 1, 2024After 16 past neutral policy events, Oats moved a median -1.1% over 5 sessions (44% higher; middle half -3.1% to +4.3%), and -5.7% over 20.
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.
