Loading…
Chicago oat futures fell to their lowest level in more than two years, with the March contract closing at $3.09 a bushel after an eighth straight decline. Certified oat stockpiles deliverable against futures have more than doubled year over year, and prices are down as much as 41% from March's record.
Ample deliverable stocks and weak feed-quality supplies pressure oat prices lower, which lowers feed costs for livestock buyers but signals weak demand for lower-grade oats.
agweb.comNov 15, 2020Not 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.
