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Manufacturers of gluten-free oat products face shortages after US oat yields fell about 40% amid heat, drought, grasshoppers and fire. Growers planted fewer oats in favor of higher-return crops, and Canada's crop is worse.
Sharply lower oat yields and reduced acreage tighten supply, supporting oat prices and raising costs for oat-based food and feed users.
snackandbakery.comLaura K. AllredMay 20, 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.
