# US oat prices soar as supply dips due to drought, demand | World Grain

> 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.

- Date: 2021-11-04 · published 2021-11-04T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/44107-us-oat-prices-soar-as-supply-dips-due-to-drought-demand-world-grain
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

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.

## Read by commodity

- CORN: neutral
- OATS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| OATS | 2021-11-04 | [As demand for oat milk increases, oat supplies wanes due to drought, demand \| Dairy Processing](https://feedsoft.ai/events/44115-as-demand-for-oat-milk-increases-oat-supplies-wanes-due-to-drought-demand-dairy.md) | -0.9% | -0.8% |
| OATS | 2022-03-24 | [Strained oat supply pushes Oatly to raise prices, expand sourcing \| Supply Chain Dive](https://feedsoft.ai/events/42335-strained-oat-supply-pushes-oatly-to-raise-prices-expand-sourcing-supply-chain.md) | +1.1% | -1.5% |
| OATS | 2022-04-01 | [Strained oat supply pushes Oatly to raise prices, expand sourcing](https://feedsoft.ai/events/42337-strained-oat-supply-pushes-oatly-to-raise-prices-expand-sourcing.md) | +5.5% | -7.1% |
| OATS | 2017-07-03 | [Wheat and oat futures soar amid supply worries](https://feedsoft.ai/events/6175-wheat-and-oat-futures-soar-amid-supply-worries.md) | +5.5% | -2.0% |
| OATS | 2018-11-26 | [Oat prices on a roll as supply shrinks \| Stock Journal \| SA](https://feedsoft.ai/events/9510-oat-prices-on-a-roll-as-supply-shrinks-stock-journal-sa.md) | +0.6% | -3.8% |
| CORN | 2017-07-11 | [ABN Amro: Grain prices higher due to US drought • De Molenaar](https://feedsoft.ai/events/70017-abn-amro-grain-prices-higher-due-to-us-drought-de-molenaar.md) | -4.3% | -4.6% |
| CORN | 2021-11-04 | [As demand for oat milk increases, oat supplies wanes due to drought, demand \| Dairy Processing](https://feedsoft.ai/events/44115-as-demand-for-oat-milk-increases-oat-supplies-wanes-due-to-drought-demand-dairy.md) | +3.7% | +0.1% |
| CORN | 2025-12-30 | [Impact of Rain and Drought on December Grain Prices](https://feedsoft.ai/events/13822-impact-of-rain-and-drought-on-december-grain-prices.md) | +0.0% | -2.1% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/16066-us-oat-prices-soar-as-supply-dips-due-to-drought-demand

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