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As of W19, 60% of US oat planting was complete, 4% below the five-year average, with 42% emerged. Canadian oat output is forecast to fall 21% in 2023/24 as Saskatchewan acreage shrinks, and Ukraine's oat harvest is expected to decline.
Lower expected Canadian and Ukrainian oat supplies, combined with slower US planting, tighten the oat balance and modestly support prices.
tridge.comNur HameedMay 18, 2023After 68 past bullish weather events, Oats moved a median -0.8% over 5 sessions (47% higher; middle half -3.6% to +3.9%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
