# Oat cash prices don’t immediately follow CBOT movement - MarketsFarm

> 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.

- Date: 2023-11-01 · published 2023-11-01T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/33229-oat-cash-prices-don-t-immediately-follow-cbot-movement-marketsfarm
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

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.

## Read by commodity

- OATS: neutral

## Sources

- marketsfarm.com: https://marketsfarm.com/oat-cash-prices-dont-immediately-follow-cbot-movement/
- grainews.ca: https://www.grainews.ca/daily/oat-cash-prices-dont-immediately-follow-cbot-movement/

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