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December Chicago oats futures closed at $3.95 3/4 per bushel on October 11, falling below $4 for the first time since June. The contract breached support levels from its September low, with the next support seen near its 200-day average around $3.94.
Lower oats futures reflect easing bullish speculative positioning and a wider December-March spread, which signals ample nearby supply. Feed buyers can expect cheaper oats in the near term.
dtnpf.comCliff JamiesonOct 11, 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.
