# As demand for oat milk increases, oat supplies wanes due to drought, demand | Dairy Processing

> 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/44115-as-demand-for-oat-milk-increases-oat-supplies-wanes-due-to-drought-demand-dairy
- 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 | [US oat prices soar as supply dips due to drought, demand \| World Grain](https://feedsoft.ai/events/44107-us-oat-prices-soar-as-supply-dips-due-to-drought-demand-world-grain.md) | -0.9% | -0.8% |
| OATS | 2022-05-20 | [Meeting the demand for gluten-free oat products when supplies are scarce \| Snack Food & Wholesale Bakery](https://feedsoft.ai/events/41455-meeting-the-demand-for-gluten-free-oat-products-when-supplies-are-scarce-snack.md) | +9.2% | +5.9% |
| OATS | 2021-08-01 | [Oat supplies to tighten as Man. crop suffers](https://feedsoft.ai/events/46113-oat-supplies-to-tighten-as-man-crop-suffers.md) | +4.6% | +15.9% |
| OATS | 2021-10-08 | [An Oat-Killing Drought Is Signaling Inflation for Breakfast Staples](https://feedsoft.ai/events/44611-an-oat-killing-drought-is-signaling-inflation-for-breakfast-staples.md) | +2.0% | +19.0% |
| OATS | 2021-10-12 | [Drought pinches oat crops — and food makers that rely on them](https://feedsoft.ai/events/44609-drought-pinches-oat-crops-and-food-makers-that-rely-on-them.md) | -1.6% | +7.5% |
| CORN | 2021-11-04 | [US oat prices soar as supply dips due to drought, demand \| World Grain](https://feedsoft.ai/events/44107-us-oat-prices-soar-as-supply-dips-due-to-drought-demand-world-grain.md) | +3.7% | +0.1% |
| CORN | 2020-10-20 | [Wheat’s Drought Battle and Surging Demand: Why Prices Are Flying - Bloomberg](https://feedsoft.ai/events/50682-wheat-s-drought-battle-and-surging-demand-why-prices-are-flying-bloomberg.md) | +5.4% | +11.4% |
| CORN | 2026-02-05 | [CattleFax Outlook Signals Cattle Cycle Turning as Strong Demand Meets Tight Supplies in 2026](https://feedsoft.ai/events/20722-cattlefax-outlook-signals-cattle-cycle-turning-as-strong-demand-meets-tight.md) | -0.4% | +0.7% |

## Sources

- dairyprocessing.com: https://www.dairyprocessing.com/articles/491-as-demand-for-oat-milk-increases-oat-supplies-wanes-due-to-drought-demand

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