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Prairie Oat Growers Association says Western Canadian oat conditions are 'not stellar', with directors expecting yields down 25 to 50 percent. AAFC's July estimate cut oat production nearly 10 percent to 3.79 million tonnes, and cash bids were around $4 to $4.50 per bushel.
Lower Canadian oat output and possible record-low ending stocks tighten feed oat supplies and support prices for buyers relying on Canadian oats.
grainews.caGFM Network NewsJul 21, 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.
