◂ Event Timeline

Oct 23, 2020POLICYAustralia

$3 million investment to seed growth in grain industry

South Australia will invest $3 million, with $1.8 million for a Value-Added Oats Centre of Excellence and $1.2 million for a Pulse Protein Cooperative Research Centre. The funding is meant to boost export opportunities and value-added grain products.

WHY IT MATTERS

The investment is a longer-term development measure with no direct effect on near-term grain supply or prices.

AFFECTSOats

SOURCE
nationaltribune.com.auThe National TribuneOct 23, 2020

Price reaction & history

Oatsno directional readSO FAR1d 0.0%5d -1.4%20d -2.1%

After 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.

Apr 21, 2021New Era for Oat Breeding: significant investment over the next five years to accelerate the National Oat Breeding Program | AgriFutures Australia+4.7%
Aug 28, 2019Canada invests nearly $2 million in oat cultivar development - Top Crop ManagerTop Crop Manager+3.0%
Apr 22, 2021$11.5 million program ushers in new era for oat breeding - Grain Central+1.8%
Oct 23, 2023Ceres Global Ag Agrees to Pay $3 Million in Civil Penalties Over Trades in Oat Contracts+5.2%
Oct 6, 2022Government of Canada invests in food research to support disease prevention+0.0%

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.

Oats OATS · GP ▸

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