# W29: Oats Update

> USDA cut its 2023/24 world cereal production forecast by 3.4 million tonnes and oats output by 800,000 tonnes to 22.5 million tonnes. Spain's severe drought is projected to cut winter cereal output sharply, and German summer cereal area fell.

- Date: 2023-07-28 · published 2023-07-28T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/35093-w29-oats-update
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A lower world oat crop and drought losses in Spain tighten global oat supplies, supporting oat and feed grain prices.

## Read by commodity

- OATS: bullish ▲
- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| OATS | 2017-10-02 | [U.S Oat Stocks Tighten](https://feedsoft.ai/events/68508-u-s-oat-stocks-tighten.md) | -0.1% | +5.6% |
| 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 | 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 | 2021-02-02 | [Oat prices running out of upside - Grainews](https://feedsoft.ai/events/48679-oat-prices-running-out-of-upside-grainews.md) | +2.2% | +7.8% |
| OATS | 2026-08-01 | [Oat price upheaval unlikely, despite tightening supply in 2026-27](https://feedsoft.ai/events/18394-oat-price-upheaval-unlikely-despite-tightening-supply-in-2026-27.md) | +0.2% | +12.4% |
| WHEAT | 2023-12-14 | [Market update week 49 - VV COM](https://feedsoft.ai/events/32668-market-update-week-49-vv-com.md) | +2.2% | +3.5% |
| WHEAT | 2022-07-21 | [Weekly update - 21 July 2022 - DAFF](https://feedsoft.ai/events/40442-weekly-update-21-july-2022-daff.md) | -11.0% | -1.2% |
| WHEAT | 2022-10-13 | [WASDE update: US supply cuts \| articles \| ING THINK](https://feedsoft.ai/events/39103-wasde-update-us-supply-cuts-articles-ing-think.md) | +3.8% | +4.5% |

## Sources

- tridge.com: https://www.tridge.com/weekly-product-updates/w29-oats-update

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