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Oat cash prices on the Canadian Prairies did not follow a nine-session CBOT rally that pushed December oats to US$4.0375/bu on October 30, before falling to US$3.795 on November 1. Cash bids across Western Canada stayed largely unchanged at C$4.30 to C$5.55/bu, as some market participants no longer hedge oats.
Cash oat prices in Canada are sticky and decoupled from futures, so feed buyers should not assume futures moves pass through quickly to local bids.
marketsfarm.comGlen HallickNov 1, 2023
grainews.caGFM Network NewsNov 1, 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.
