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The Canadian oat market has swung from a 19-year supply low in 2021 to record futures highs and then back down after a sharp rise in 2022 production to about 5.2 million tonnes. Industry participants are now questioning how the market will stabilize.
Canada is the world's leading oat supplier, and the swing from shortage to surplus has pressured prices lower, which keeps feed oat costs competitive for buyers. Recovery depends on demand from the oat-based dairy alternative sector.
world-grain.comCrystal FutrellDec 26, 2023Not 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.
