Loading…
US oat supplies for 2021-22 are forecast to be the lowest on record, with CME nearby oat futures at record highs. Food-grade oat flake prices were up 62% year on year in mid-October.
Drought in US and Canadian growing areas combined with rising demand from oat milk and snack products is tightening supply.
A record-low US oat crop with strong food demand points to continued firm oat prices for feed buyers, and tighter supply may pull more demand toward substitute feed grains.
world-grain.comRon SterkNov 4, 2021After 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.
After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), 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.
