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USDA small grains data for the Southern Region shows Georgia oat production at 765,000 bushels, down 45% from 2021, with yield at 51 bushels per acre. US oat production was estimated at 57.7 million bushels, up 45% from 2021.
A sharp rise in national oat output, despite a steep drop in Georgia, adds supply to the US oat market and weighs on prices.
morningagclips.comPatrickOct 2, 2022After 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.
