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Oat production in the U.S. fell nearly 40% in 2021 to about 398,000 bushels, driven by dry conditions in the Dakotas and nationwide. Rising use of oats in dairy substitutes is adding to demand, and suppliers are adjusting policies to manage a global shortage.
Sharply lower U.S. output and strong demand growth point to tighter oat supplies and firmer prices for feed and food buyers.
After 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.