# Oat Futures Also Climbing

> December oats hit a contract high of $3.00/bushel on Oct. 20 and climbed to $3.04 on Oct. 21. Noncommercial traders grew their net-long position for four straight weeks to the largest in 10 weeks.

- Date: 2020-10-21 · published 2020-10-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/50715-oat-futures-also-climbing
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

Rising speculative long positions and an inverted spread point to firm nearby oat prices even though Canadian and US stocks are forecast to grow.

## Read by commodity

- OATS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| OATS | 2020-10-27 | 1 | -3.9% | -3.1 | Oats had rallied to a contract high near $3.00-$3.04 on Oct 20-21 with speculative net-long positioning at a 10-week high, so a -3.9% drop on Oct 27 is consistent with long liquidation and profit-taking from stretched positioning. |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/canada-markets/blog-post/2020/10/21/oat-futures-also-climbing

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