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USDA's December report kept its 2023/24 world oats forecast nearly unchanged at 20.5 million mt, while total world cereal production was raised by 3.8 million mt. Spanish oat prices rose 0.11% month-on-month to USD 341.56/mt, and Kazakhstan reported 156 thousand mt of oat reserves.
A stable global oat forecast means no supply shock, so prices are likely to stay range-bound for feed buyers. Modest Spanish price gains reflect firmer European cereal sentiment rather than a new supply cause.
tridge.comNur HameedDec 22, 2023After 35 past neutral report events, Oats moved a median +0.2% over 5 sessions (51% higher; middle half -1.9% to +2.5%), and -1.2% 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.
