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Purely Canada Foods voided gluten-free oat contracts with about 26 Saskatchewan farmers in March, citing processing delays. The company now says it has found milling capacity for September and is trying to honour the contracts.
Conventional oat prices have fallen to roughly $4-$4.50 per bushel, so farmers facing voided contracts may be forced into a weak open market, adding some supply uncertainty to oats.
producer.comRobert ArnasonApr 13, 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.
