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The Saskatchewan Agriculture weekly cash price for No. 2 CW oats fell 2.7% to $234.84/mt in the week ending Feb. 15, the lowest since early September.
Canadian oat stocks as of Dec. 31 were a record 3.591 million mt, up 91% year on year.
Record Canadian oat stocks and a stocks-to-use ratio of 26% keep downward pressure on cash oat prices in the near term.
dtnpf.comCliff JamiesonFeb 16, 2023After 72 past bearish report events, Oats moved a median +0.2% over 5 sessions (50% higher; middle half -3.7% to +3.8%), and -2.5% 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.
