# CBOT oats climb on supply woes - AgCanada

> CBOT December oats futures rose the daily 25-cent limit to settle at $5.57-3/4 per bushel, near a 7.5-year high. Drought cut Canada's 2021 oat crop to 2.6 million tonnes, down 43.6% from the prior year, per Statistics Canada.

- Date: 2021-09-23 · published 2021-09-23T12:00:00.000Z
- Category: weather · region Canada · magnitude high
- Page: https://feedsoft.ai/events/45122-cbot-oats-climb-on-supply-woes-agcanada
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Tight Canadian supply, the world's largest oat exporter, lifts oat prices and pushes oats out of the feed market toward food demand, leaving feed buyers facing higher costs and possible substitution.

## Read by commodity

- CORN: neutral
- OATS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| OATS | 2016-07-13 | [Chicago oats rally with Prairie rains, for now - AgCanada](https://feedsoft.ai/events/7496-chicago-oats-rally-with-prairie-rains-for-now-agcanada.md) | -13.6% | -25.9% |
| OATS | 2024-12-18 | [Canadian Oats Supply, Canadian Farmers See Leaner Times \| Paradigm Futures](https://feedsoft.ai/events/7782-canadian-oats-supply-canadian-farmers-see-leaner-times-paradigm-futures.md) | -8.7% | -3.9% |
| OATS | 2017-07-03 | [Wheat and oat futures soar amid supply worries](https://feedsoft.ai/events/6175-wheat-and-oat-futures-soar-amid-supply-worries.md) | +5.5% | -2.0% |
| OATS | 2026-09-25 | [Oat futures climb nearly $1 as Canadian production drops 20%](https://feedsoft.ai/events/17516-oat-futures-climb-nearly-1-as-canadian-production-drops-20.md) | -2.8% | -10.9% |
| OATS | 2018-11-26 | [Oat prices on a roll as supply shrinks \| Stock Journal \| SA](https://feedsoft.ai/events/9510-oat-prices-on-a-roll-as-supply-shrinks-stock-journal-sa.md) | +0.6% | -3.8% |
| CORN | 2017-10-19 | [CBOT weekly outlook: Corn, soy steady as attention turns to South America - AgCanada](https://feedsoft.ai/events/68492-cbot-weekly-outlook-corn-soy-steady-as-attention-turns-to-south-america-agcanada.md) | +0.4% | -5.5% |
| CORN | 2023-07-27 | [Feed weekly outlook: wheat, barley prices still on the rise  - AgCanada](https://feedsoft.ai/events/12891-feed-weekly-outlook-wheat-barley-prices-still-on-the-rise-agcanada.md) | -13.2% | -14.2% |
| CORN | 2017-09-27 | [U.S. grains: Wheat rises to one-month top on technical buying - AgCanada](https://feedsoft.ai/events/8514-u-s-grains-wheat-rises-to-one-month-top-on-technical-buying-agcanada.md) | +3.2% | +2.9% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/cbot-oats-climb-on-supply-woes

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