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Statistics Canada estimated Canadian oat production at 3.952 million tonnes for 2019, up from 3.436 million in 2018. Low carryover stocks were cited as the reason the larger crop is not expected to shift prices.
Despite the larger crop, record-low ending stocks mean buyers should not expect oat prices to fall, so feed oat costs are likely to stay stable.
farmtario.comAug 29, 2019
grainews.caGFM Network NewsAug 29, 2019After 35 past neutral report events, Oats moved a median +0.2% over 5 sessions (51% higher; middle half -1.9% to +2.5%), and -1.2% 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.
