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USDA's first 2022 national oat condition report produced an initial crop rating of 618, the lowest first rating since national ratings began in 1996. Cold, wet weather in the Upper Midwest and Northern Plains has delayed oat and other spring crop seedings.
A poor start to the oat crop and delayed planting in key growing areas point to reduced supply and firmer oat prices for feed buyers.
dtnpf.comJoel KarlinMay 26, 2022After 68 past bullish weather events, Oats moved a median -0.8% over 5 sessions (47% higher; middle half -3.6% to +3.9%), and -0.3% 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.
