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Croker Grain, which supplies about 80 per cent of Uncle Tobys' oats, is letting growers in NSW exit contracts under an 'Act of God' clause when crops are judged not worth harvesting. Last year the company received about 10,000t against 18,000t contracted, and this year it has 19,000t contracted with about 1,000t already lost to poor crop conditions.
Dry or failing crops are cutting Australian oat supply available to millers, which supports oat prices and pushes buyers toward imports, as the company did last year by sourcing from Western Australia.
theland.com.auOlivia CalverOct 3, 2019After 68 past bullish weather events, Oats moved a median -0.8% over 5 sessions (47% higher; middle half -3.6% to +3.9%), and -0.3% 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.
