# First Oat Conditions Report

> The USDA released its first national oats condition report for 2023, giving an initial rating of 688, below the 1996-2022 average of 719 but the highest initial rating in three years. Oat prices had fallen more than half from a year earlier, to around $3.00 per bushel.

- Date: 2023-05-30 · published 2023-05-30T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/35991-first-oat-conditions-report
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

Poor early crop ratings in the Upper Midwest, Northern Plains and Texas support oat prices, though the crop is currently in better shape than last year's worst-ever rating.

## Read by commodity

- OATS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| OATS | 2024-02-26 | [Oat producers call chlormequat report fear mongering](https://feedsoft.ai/events/31721-oat-producers-call-chlormequat-report-fear-mongering.md) | +3.8% | -1.7% |
| OATS | 2017-12-08 | [Oat Exports Remain Brisk](https://feedsoft.ai/events/67524-oat-exports-remain-brisk.md) | +4.3% | +9.2% |
| OATS | 2023-03-03 | [Grain Council Report October 2022 - Irish Farmers' Association](https://feedsoft.ai/events/36912-grain-council-report-october-2022-irish-farmers-association.md) | +1.9% | +10.2% |
| OATS | 2019-08-27 | [Futures Trade on Statistics Canada Production Report Day](https://feedsoft.ai/events/57626-futures-trade-on-statistics-canada-production-report-day.md) | -1.7% | +4.0% |
| OATS | 2017-11-06 | [The Catch-22 of oat production - Country Guide](https://feedsoft.ai/events/68030-the-catch-22-of-oat-production-country-guide.md) | +3.4% | -8.3% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/fundamentally-speaking/blog-post/2023/05/30/first-oat-conditions-report

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