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Western Canadian oat prices have held firm, with high-delivered bids at $3.60 to $4.35 per bushel, but have seen little movement recently. AAFC forecasts 2021-22 oat acreage down 11% to 3.46 million acres and production down 16% to 3.9 million tonnes.
A forecast 16% drop in Canadian oat output tightens feed grain supplies, which could support oat and competing feed grain prices into spring.
grainews.caGFM Network NewsFeb 2, 2021After 52 past bullish report events, Oats moved a median -2.0% over 5 sessions (33% higher; middle half -3.4% to +2.4%), and +0.7% 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.
