# Oats Hit Record High With Canadian Prairies Staying Dry - Bloomberg

> Chicago oat futures rose 1.6% to a record $8.075 per bushel on Monday as persistent dryness in the Canadian Prairies continued. Drought last year shrank Canada's oat crop to a decade low, and Canada is the top oat supplier to the U.S. Snowfall in the Great Plains is delaying spring sowing.

- Date: 2022-04-11 · published 2022-04-11T12:00:00.000Z
- Category: weather · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/41890-oats-hit-record-high-with-canadian-prairies-staying-dry-bloomberg
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

Canada supplies most U.S. oats, so a drought-cut crop and delayed planting tighten supply and support prices for oat feed and milling buyers.

## Read by commodity

- OATS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| OATS | 2016-07-13 | [Chicago oats rally with Prairie rains, for now - AgCanada](https://feedsoft.ai/events/7496-chicago-oats-rally-with-prairie-rains-for-now-agcanada.md) | -13.6% | -25.9% |
| OATS | 2025-09-08 | [A Weather Risk Case Study: Canadian Oats Market](https://feedsoft.ai/events/22921-a-weather-risk-case-study-canadian-oats-market.md) | -1.2% | +0.5% |
| OATS | 2021-10-29 | [Oat Prices Reach Record Highs, Economists Aren't Convinced It'll Eat into Corn and Soybean Acres - AgWeb](https://feedsoft.ai/events/44607-oat-prices-reach-record-highs-economists-aren-t-convinced-it-ll-eat-into-corn.md) | +4.3% | +6.3% |
| OATS | 2016-11-25 | [Oat prices surge as Canadian output drops following delayed harvest - The Globe and Mail](https://feedsoft.ai/events/73900-oat-prices-surge-as-canadian-output-drops-following-delayed-harvest-the-globe.md) | -7.6% | +0.6% |
| OATS | 2026-09-25 | [Oat futures climb nearly $1 as Canadian production drops 20%](https://feedsoft.ai/events/17516-oat-futures-climb-nearly-1-as-canadian-production-drops-20.md) | -2.8% | -10.9% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-04-11/oats-hit-record-high-with-canadian-prairies-staying-dry

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