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Minnesota farmer Martin Larsen reports oats were his most profitable crop ever in 2022, helped by a drought-driven shortage and record yields. He expects 2023 returns to be lower because carryover from the 2022 crop will temper prices.
Local farmers are pooling resources to market food-grade oats.
A large 2022 carryover from good yields is expected to temper oat prices in 2023, which is bearish for feed-grade oats. The story reflects farm-level experience rather than a new market shock.
Not 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.