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Western Canadian oat prices are holding steady through harvest despite seasonal delivery pressure. Bids top out around $3 per bushel in Saskatchewan, slightly higher in Manitoba and Alberta.
Yields came in below earlier expectations after late July and early August heat, though crop quality is good.
Steady harvest-time bids signal firm feed oat demand absorbing seasonal supply, with yield shortfalls limiting downside. StatCan's 4.5 Mt estimate, up from 4.2 Mt, caps upside for now.
grainews.caPhil Franz-Warkentin, GFM Network NewsSep 23, 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.
