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Drought and heat waves across North America's midsection this summer reduced the oat harvest. The shortfall raises the prospect of higher prices for oat-based food makers.
Lower oat output supports oat prices, and the drought-driven supply loss tightens feed and food grain availability.
stocks.observer-reporter.comMinneapolis, St. Paul Business JournalOct 12, 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.
