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A large oat manufacturer reports that oat demand has risen more than 13% year on year since the coronavirus pandemic began. The article also notes that Chile is attractive for ocean freight to China, with about 32 days' transit to main Chinese ports, and that Canadian oat imports have gone to processors to meet demand.
Stronger demand for oat products supports oat prices and draws more imports, which would tighten supply for feed and milling buyers. The claim comes from a single manufacturer, so its effect on the broader market is uncertain.
tridge.comJorge LopezAug 11, 2020After 40 past bullish trade events, Oats moved a median -0.6% over 5 sessions (40% higher; middle half -2.8% to +1.7%), and -3.2% 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.
