# Canada Know-Risk Market Outlook | Oats Rally On Weather Concerns

> Oat futures rallied about $1.40 since May on reduced Canadian planted acreage of 2.537 million acres, down 35.6% from last year. Dry conditions have also raised yield concerns, and open interest fell during the rally, pointing to short covering.

- Date: 2023-07-06 · published 2023-07-06T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/35094-canada-know-risk-market-outlook-oats-rally-on-weather-concerns
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

Reduced acreage and dry weather point to tighter oat supply, which supports feed oat prices for buyers.

## Read by commodity

- OATS: bullish ▲

## Sources

- stonex.com: https://www.stonex.com/en-us/insights/canada-know-risk-market-outlook-oats-rally-on-weather-concerns/

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