# New oat, wheat markets debut in Iowa | Farm Progress

> Smithfield Foods launched a program offering oat and wheat contracts to farmers delivering to its Allerton and Davis City elevators in south-central Iowa. It includes a $25 per acre cover-crop cost-share through Practical Farmers of Iowa.

- Date: 2020-01-28 · published 2020-01-28T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/55132-new-oat-wheat-markets-debut-in-iowa-farm-progress
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A new local contracted demand channel for small grains is marginal to national prices but adds some regional oat and wheat demand.

## Read by commodity

- OATS: bullish ▲
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| OATS | 2018-06-03 | [Oat demand up and China market to open \| Farm Weekly \| WA](https://feedsoft.ai/events/64560-oat-demand-up-and-china-market-to-open-farm-weekly-wa.md) | -2.1% | +1.8% |
| OATS | 2017-03-13 | [Oats and hay in health food demand \| Farm Weekly \| WA](https://feedsoft.ai/events/8397-oats-and-hay-in-health-food-demand-farm-weekly-wa.md) | -7.3% | -19.7% |
| OATS | 2017-02-20 | [Processing gives WA an edge in oat market \| The West Australian](https://feedsoft.ai/events/72560-processing-gives-wa-an-edge-in-oat-market-the-west-australian.md) | -2.8% | -2.3% |
| OATS | 2020-01-30 | [Market development work pays off for oats in Mexico \| The Western Producer](https://feedsoft.ai/events/55134-market-development-work-pays-off-for-oats-in-mexico-the-western-producer.md) | -1.1% | -11.1% |
| OATS | 2019-10-04 | [Paterson Global Foods Announces New Oat Processing Facility In Winnipeg \| Farms.com](https://feedsoft.ai/events/56641-paterson-global-foods-announces-new-oat-processing-facility-in-winnipeg-farms.md) | -0.4% | +3.6% |
| WHEAT | 2019-02-13 | [Russian dominance over world wheat markets slows - Farmers Weekly](https://feedsoft.ai/events/60537-russian-dominance-over-world-wheat-markets-slows-farmers-weekly.md) | -2.1% | -4.5% |
| WHEAT | 2019-03-07 | [U.S. Wheat Farmers See Opportunity for Growth in Southeast Asia Markets - U.S. Wheat Associates](https://feedsoft.ai/events/60146-u-s-wheat-farmers-see-opportunity-for-growth-in-southeast-asia-markets-u-s.md) | -0.0% | -1.3% |
| WHEAT | 2019-01-03 | [Farmers thankful for payments, but prefer market access - Farm and Dairy](https://feedsoft.ai/events/61083-farmers-thankful-for-payments-but-prefer-market-access-farm-and-dairy.md) | +1.2% | +3.7% |

## Sources

- farmprogress.com: https://www.farmprogress.com/farm-business/new-oat-wheat-markets-debut-in-iowa

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.