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Seed suppliers in Washington state report oats and barley for forage are sold out, with remaining seed priced at about double normal. The region faces a second straight year of severe drought after one of its driest years since 1895.
Drought-driven forage shortages push ranchers toward purchased feed and forage, supporting oat, barley and cattle feed demand in the US West.
kuow.orgAnna KingMar 31, 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.
Not enough comparable past events yet for a historical read.
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.
