# Oats Drop to Lowest Price in More Than Two Years - AgWeb

> 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.

- Date: 2020-11-15 · published 2020-11-15T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/50190-oats-drop-to-lowest-price-in-more-than-two-years-agweb
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

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.

## Read by commodity

- OATS: bearish ▼

## Sources

- agweb.com: https://www.agweb.com/news/crops/oats-drop-lowest-price-more-two-years

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.