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Cash oat prices on the Canadian Prairies have risen to about C$4 per bushel, with Manitoba quotes at C$4.50 to C$4.75, as scarcity pushes up prices. Chicago July oat futures fell about 17 cents the prior Friday and a further 13.75 cents on June 8 to US$3.1425.
Tight Prairie oat supply and strong milling demand for human consumption support cash prices, which have decoupled from weaker CBOT futures driven by fund liquidation. Feed buyers face firm cash oat costs despite lower futures.
agcanada.comAGCanadaJun 9, 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.
Reports Chicago July oat futures fell about 17 cents on Friday June 5 and a further 13.75 cents on June 8, directly describing the sharp drop after a rally, though the later date means it partly postdates the window.
Chicago July oat futures were already sliding sharply (-17c and -13.75c) in the days before, indicating bearish momentum and sentiment that plausibly carried into the June 15 drop, though the event predates the move by several days.
