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Oats rallied by an unprecedented $0.60 per bushel over corn, with December oats near $5.70 versus December corn at $5.27. Analysts cite Canadian transport problems, drought and heat, and a possible short squeeze as drivers.
Oats trading above corn is unusual and signals a supply-driven spike that makes oats costly for feed rations, while the possibility of a blow-off top adds price risk.
thesouthern.comProvided PhotoSep 25, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
