# An Oat-Killing Drought Is Signaling Inflation for Breakfast Staples

> Drought has pushed oat futures to an all-time high of $6.36 a bushel, with Canadian production nearly halved and the US harvest the smallest ever. Shares of oat-based food makers General Mills and Oatly have fallen.

- Date: 2021-10-08 · published 2021-10-08T12:00:00.000Z
- Category: weather · region North America · magnitude high
- Page: https://feedsoft.ai/events/44611-an-oat-killing-drought-is-signaling-inflation-for-breakfast-staples
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

Record oat prices from a shortfall in the largest exporter raise input costs for oat buyers and food makers, and could pressure margins.

## Read by commodity

- OATS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| OATS | 2021-11-01 | [Tiny North American Oat Crop Could Be Coming for Your Breakfast](https://feedsoft.ai/events/44606-tiny-north-american-oat-crop-could-be-coming-for-your-breakfast.md) | +2.6% | +2.3% |
| 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 | 2021-10-11 | [There’s an oat shortage–not good for OTLY or GIS; not good for food inflation in general \| Jubak Picks](https://feedsoft.ai/events/44612-there-s-an-oat-shortage-not-good-for-otly-or-gis-not-good-for-food-inflation-in.md) | +1.0% | +14.6% |
| OATS | 2023-08-09 | [Drought drives big drop in wheat and oat forecast amid long-term shift to corn and soybeans — Spot On South Dakota](https://feedsoft.ai/events/34647-drought-drives-big-drop-in-wheat-and-oat-forecast-amid-long-term-shift-to-corn.md) | +4.6% | +15.6% |
| 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% |

## Sources

- bnnbloomberg.ca: https://www.bnnbloomberg.ca/an-oat-killing-drought-is-signaling-inflation-for-breakfast-staples-1.1663691

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