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An oats expert told the Croposphere conference in Saskatoon that higher seeded oat acreage this spring will increase supply and dampen prices. Agriculture and Agri-Food Canada estimated a 9% rise in oat acres to 3.39 million, the largest since 2008, partly from unharvested canola being reseeded to oats.
Larger Canadian oat plantings point to ample supply and softer feed oat prices this year, though long-term demand growth is expected.
moosejawtoday.comFeb 25, 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.
