# Rayglen Market Comments - August 30, 2023 - Rayglen Commodities Inc.

> Rayglen reports StatsCan confirmed higher chickpea acres for 2023 but a lower reported yield, possibly the lowest since 2014-15. Canadian oat production is put at 2.429 MMT, the lowest since 1991 and down 53.5% year on year, with feed oat bids at $4.00-$4.50/bu FOB farm.

- Date: 2023-08-30 · published 2023-08-30T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/34641-rayglen-market-comments-august-30-2023-rayglen-commodities-inc
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

A sharp drop in Canadian oat output tightens feed oat supply and supports prices, while chickpea uncertainty adds to market stability concerns. Feed buyers should expect firmer oat bids into the fall.

## Read by commodity

- OATS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| OATS | 2026-10-06 | [Canada Know-Risk Market Outlook \| Oats Knows?](https://feedsoft.ai/events/17165-canada-know-risk-market-outlook-oats-knows.md) | -1.5% | -17.5% |
| OATS | 2025-05-01 | [Australia Oat: Suppliers & Market Trends](https://feedsoft.ai/events/25176-australia-oat-suppliers-and-market-trends.md) | +3.9% | +5.4% |
| OATS | 2020-09-01 | [Tuesday Market Briefing - 1st September 2020 — Bartholomews](https://feedsoft.ai/events/51161-tuesday-market-briefing-1st-september-2020-bartholomews.md) | -2.4% | +1.2% |
| OATS | 2018-10-03 | [December Oats Return to August Highs](https://feedsoft.ai/events/62583-december-oats-return-to-august-highs.md) | +4.8% | +2.5% |
| OATS | 2023-10-20 | [Smallest UK oat crop for seven years: Grain market daily \| AHDB](https://feedsoft.ai/events/33705-smallest-uk-oat-crop-for-seven-years-grain-market-daily-ahdb.md) | +6.0% | -6.3% |

## Sources

- rayglen.com: https://www.rayglen.com/rayglen-market-comments-august-30-2023/

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