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Global oat prices fell 0.23% week-on-week to USD 340.52/mt in W35 and are down 5.76% year-to-date, as excess international supply weighed on the market. Statistics Canada-linked estimates point to a 53.5% drop in Canadian oat output for 2023/24 to a 10-year low of 2.4 mmt, driven by dry, hot conditions in western Canada.
Brazilian winter oat yields are reported as satisfactory, though southern Paraná faces rust issues.
A sharp Canadian crop cut tightens exportable oat supplies and supports prices, but ample global stocks are currently capping gains. Feed buyers should watch Canadian harvest data against the current oversupply.
tridge.comNur HameedSep 8, 2023After 16 past neutral weather events, Oats moved a median +0.8% over 5 sessions (50% higher; middle half -5.9% to +3.3%), and +0.0% over 20.
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.
