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Statistics Canada reported that national oat production fell 43% to 2.6 million tonnes in 2021, with yields down 32.6% due to heat stress. Harvested oat acres dropped 15.4%.
A sharp Canadian oat shortfall tightens global oat supplies and supports higher prices for oat-based feed, as the market is already tight.
m.farms.comBaseDec 6, 2021After 52 past bullish report events, Oats moved a median -2.0% over 5 sessions (33% higher; middle half -3.4% to +2.4%), and +0.7% 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.
