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A dry winter and new New Zealand freshwater rules have driven a surge in farmers sowing greenfeed oats as catch crops, leaving seed hard to find. Low oat and oat seed prices had earlier reduced the sown area, so supply is now short.
Seed shortages and strong catch-crop demand can support local oat prices in New Zealand, while the new freshwater rules add to the demand pull.
farmersweekly.co.nzNeal WallaceOct 5, 2020After 49 past policy events, Oats moved a median -1.1% over 5 sessions (39% higher; middle half -3.3% to +2.7%), and -2.0% 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.
