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Analysts expect Canadian farmers to cut oat acreage by 20 to 25 percent this spring, possibly as much as 30 percent, after a sharp fall in profitability. Oat analyst Randy Strychar argues the pricing system is dysfunctional because cash oat prices are tied to feedgrain markets and the Chicago oat futures contract.
Expected acreage cuts tighten the outlook for future supply and could set up firmer prices, though the feed-linked pricing model keeps oat values volatile and tied to corn.
producer.comEd WhiteFeb 23, 2023Not enough comparable past events yet for a historical read.
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.
