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An analyst forecasts oat acreage in Western Canada rising five to ten percent in 2020 after production rose 15 percent last year. Oat sales to China have lagged expectations because access requires a government protocol, while sales to Mexico have improved.
Expanding supply with flat-to-weaker demand points to continued downward pressure on oat prices for feed buyers in 2020-21.
cjwwradio.comNeil BillingerJan 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.
