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Western Canadian oat bids reached $3.72 to $4.55 per bushel, at least 55 cents above last year. Canadian oat exports for the crop year were up 25 percent, with Chile now the second-largest buyer after the US.
Strong domestic and export demand, combined with lower expected oat acreage, supports prices for feed and milling oats.
manitobacooperator.caAdam Peleshaty, GFM Network NewsMar 19, 2021After 40 past bullish trade events, Oats moved a median -0.6% over 5 sessions (40% higher; middle half -2.8% to +1.7%), and -3.2% 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.
