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Drought has cut Canadian oat production by nearly half, and Canada is the world's largest oat exporter. U.S. oat production is set for its smallest harvest on record.
A major loss from the largest exporter and a record-small U.S. crop tightens global oat supply, supporting oat prices and feed alternatives.
jubakpicks.comOct 11, 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.
