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Eastern Manitoba and the Red River Valley have very dry conditions, and oat yields there could be 30 to 40 percent below average. Some Interlake fields are being harvested for green feed.
National oat production is forecast to fall sharply to 3.8 million tonnes.
Drought-driven yield losses in Manitoba tighten oat supplies for the 2021-22 crop year, supporting oat prices and feed substitution demand.
producer.comRobert ArnasonAug 1, 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.
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.
