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Drought in North Dakota is cutting yields of small grains including barley, oats, rye, triticale and wheat, and some producers are harvesting them for hay. Hay supplies are limited and prices are high, prompting interest in alternative forages.
Drought-hit small grains and tight hay supplies push feed buyers toward alternative forages and grain, supporting barley and oat prices in the northern Plains.
drovers.comEllen CrawfordAug 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.
