# Oats Show Leadership, Reaching Contract Highs

> 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.

- Date: 2019-11-20 · published 2019-11-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/56145-oats-show-leadership-reaching-contract-highs
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

Tighter US oat supply and stocks, plus larger expected imports, support oat prices and make feed-oat buyers pay more for near-term supply.

## Read by commodity

- OATS: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/canada-markets/blog-post/2019/11/20/oats-show-leadership-reaching-highs

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