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Organic oat demand in Canada is weak, with no current bids for old or new crop apart from a small purchase at about C$7 per bushel. Traders say oversupply carried over from last year and softer consumer demand have weighed on the market, and less oats are expected to be planted this year.
Weak organic oat contracting points to a soft niche market, while reduced planting in Canada could provide some future support.
agcanada.comOrganicBizMay 1, 2023Not enough comparable past events yet for a historical read.
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.
