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Bloomberg reports that oat planting expansion, led by Canada with a 9% acreage increase to the largest since 2009, could outstrip export and milling demand. Analysts expect prices to decline once the crop is planted in April and May.
A projected oat glut from larger Canadian acreage would be bearish for oat prices and cheapen oat-based feed ingredients later in 2020.
vegancarnealliance.comcwmossMar 2, 2020After 72 past bearish report events, Oats moved a median +0.2% over 5 sessions (50% higher; middle half -3.7% to +3.8%), and -2.5% 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.
