# Saskatchewan Milling Oats Retrace to Harvest Lows

> 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.

- Date: 2023-02-16 · published 2023-02-16T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/37395-saskatchewan-milling-oats-retrace-to-harvest-lows
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

Record Canadian oat stocks and a stocks-to-use ratio of 26% keep downward pressure on cash oat prices in the near term.

## Read by commodity

- OATS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| OATS | 2019-12-06 | [StatsCan’s latest crop report says canola production fell but many other grains rose \| 620 CKRM - The Voice of Saskatchewan \| Harvard Media](https://feedsoft.ai/events/55654-statscan-s-latest-crop-report-says-canola-production-fell-but-many-other-grains.md) | +2.5% | -7.0% |
| OATS | 2022-12-02 | [Canada downgrades canola harvest, but lifts oats output to 51-year high - Grain Price News](https://feedsoft.ai/events/38290-canada-downgrades-canola-harvest-but-lifts-oats-output-to-51-year-high-grain.md) | -11.9% | -3.0% |
| OATS | 2019-07-30 | [Milling oats an option for paddocks with crown rot - Grain Central](https://feedsoft.ai/events/58138-milling-oats-an-option-for-paddocks-with-crown-rot-grain-central.md) | +2.7% | +1.6% |
| OATS | 2020-02-28 | [The plant milk craze is leading to a glut of oats - Los Angeles Times](https://feedsoft.ai/events/12537-the-plant-milk-craze-is-leading-to-a-glut-of-oats-los-angeles-times.md) | -3.5% | -4.6% |
| OATS | 2020-03-02 | ['Plant-Milk Craze Has Created an Oat Bubble That's About to Burst' \| Vegan-Carne Alliance](https://feedsoft.ai/events/54178-plant-milk-craze-has-created-an-oat-bubble-that-s-about-to-burst-vegan-carne.md) | -2.6% | -1.2% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/canada-markets/blog-post/2023/02/16/saskatchewan-milling-oats-retrace

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.