# W50 Oats Update: USDA’s World Oats Outlook for 2023/24 Unchanged, Spanish Markets React to Climate Tensions, and Oats Prices Fluctuate Globally

> 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.

- Date: 2023-12-22 · published 2023-12-22T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/32754-w50-oats-update-usda-s-world-oats-outlook-for-2023-24-unchanged-spanish-markets
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

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.

## 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 | 2025-07-24 | [Feed Outlook Tightens for 2025/26: What Pork Producers Need to Know - Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info](https://feedsoft.ai/events/23815-feed-outlook-tightens-for-2025-26-what-pork-producers-need-to-know-swineweb-com.md) | +1.3% | -7.6% |
| OATS | 2025-07-01 | [Increased global demand for oats and higher prices push up WA plantings](https://feedsoft.ai/events/24264-increased-global-demand-for-oats-and-higher-prices-push-up-wa-plantings.md) | +2.3% | -4.6% |
| OATS | 2025-09-17 | [Grain Trends: first prices out, global markets stable -  Premium](https://feedsoft.ai/events/7568-grain-trends-first-prices-out-global-markets-stable-premium.md) | -3.3% | -7.1% |
| 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% |

## Sources

- tridge.com: https://www.tridge.com/weekly-product-updates/w50-oats-update-canada-boosts-oat-forecast-australia-cuts-estimates-for-202324-season

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