# W35: Oats Update

> 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.

- Date: 2023-09-08 · published 2023-09-08T12:00:00.000Z
- Category: weather · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/34162-w35-oats-update
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

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.

## Read by commodity

- OATS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| OATS | 2018-04-27 | [Oats planting set to roll in WA - Grain Central](https://feedsoft.ai/events/65555-oats-planting-set-to-roll-in-wa-grain-central.md) | +2.3% | +10.5% |
| OATS | 2017-05-17 | [Prairie oats at tipping point - Grainews](https://feedsoft.ai/events/8487-prairie-oats-at-tipping-point-grainews.md) | +5.0% | +11.2% |
| OATS | 2023-04-01 | [How are southeastern oats coming along?](https://feedsoft.ai/events/36914-how-are-southeastern-oats-coming-along.md) | -6.5% | -19.1% |
| OATS | 2022-07-15 | [North American oats market recovery remains uncertain \| World Grain](https://feedsoft.ai/events/4306-north-american-oats-market-recovery-remains-uncertain-world-grain.md) | -27.6% | -30.5% |
| OATS | 2019-02-11 | [Oats Hit the Bullseye for Growers, Millers - Seed World](https://feedsoft.ai/events/60656-oats-hit-the-bullseye-for-growers-millers-seed-world.md) | -3.0% | -10.9% |

## Sources

- tridge.com: https://www.tridge.com/weekly-product-updates/w35-oats-update

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