# Canadian oats crop likely above early estimates - MarketsFarm

> Grain Millers Canada expects Statistics Canada's September model-based report to raise the 2023/24 oat estimate slightly from 2.429 million tonnes. Harvested acreage of 828,800 is seen as possibly high, and output will still be far below last year's 5.227 million tonnes. Prairie oat cash bids have fallen 18 to 40 cents per bushel over the past month.

- Date: 2023-09-11 · published 2023-09-11T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/34163-canadian-oats-crop-likely-above-early-estimates-marketsfarm
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

A modest upward revision and large carryout from last year point to ample supply, which is bearish for oat feed prices. The steep drop in cash bids confirms the weakening trend.

## Read by commodity

- OATS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| OATS | 2020-02-25 | [Strong future markets seen for Canadian oat crops](https://feedsoft.ai/events/54666-strong-future-markets-seen-for-canadian-oat-crops.md) | -9.4% | -6.1% |
| OATS | 2018-03-26 | [AAFC Canadian oats forecast called into question \| World-grain.com \| March 26, 2018 20:06 \| World Grain](https://feedsoft.ai/events/66045-aafc-canadian-oats-forecast-called-into-question-world-grain-com-march-26-2018.md) | +2.4% | +0.2% |
| OATS | 2019-06-26 | [StatsCan: Less canola and durum, more barley and oats - AgCanada](https://feedsoft.ai/events/58643-statscan-less-canola-and-durum-more-barley-and-oats-agcanada.md) | +5.0% | -2.5% |
| OATS | 2019-03-13 | [A Case for Selling Old-Crop Oats](https://feedsoft.ai/events/6535-a-case-for-selling-old-crop-oats.md) | +5.5% | +8.7% |
| OATS | 2025-08-28 | [Canada wheat, barley production down, canola and oats up, according to StatsCan survey \| MarketScreener](https://feedsoft.ai/events/23369-canada-wheat-barley-production-down-canola-and-oats-up-according-to-statscan.md) | -3.0% | +2.1% |

## Sources

- marketsfarm.com: https://marketsfarm.com/large-old-crop-stocks-new-production-expected-to-be-a-pinch-higher-than-estimated/

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