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A drought in North America has sharply cut oat harvests, with Canadian production reportedly nearly halved to an 11-year low and the U.S. crop headed for its smallest ever. Oat prices have risen to record highs.
A sharp supply shortfall from the world's largest oat exporter tightens global oat supply and supports prices, feeding through to cereal and oat-milk costs.
bloomberg.comBloomberg.comNov 1, 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.
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.
