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December oat futures hit a contract high on November 20, closing 7 1/4 cents higher at $3.13 3/4 per bushel, with December, March and May all at contract highs. USDA cut its US harvested-acre estimate after resurveying northern states, lowering production to 53.1 million bushels and ending stocks to 36 million, the lowest in six years.
Tighter US oat supply and stocks, plus larger expected imports, support oat prices and make feed-oat buyers pay more for near-term supply.
dtnpf.comCliff JamiesonNov 20, 2019Not 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.
