# Oat Futures Higher and For Good Reason

> December oat futures closed 5 1/4 cents higher at $2.79 3/4 per bushel on Wednesday, breaking out of a sideways range held since July 19 and reaching a seven-week high. The contract closed above its 20-, 50-, 100- and 200-day moving averages after dipping below them intraday.

- Date: 2019-09-11 · published 2019-09-11T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/57122-oat-futures-higher-and-for-good-reason
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

A breakout to a seven-week high with heavy volume signals firmer oat demand or tighter nearby supply, supporting oat values for feed buyers. The narrowing Dec/March spread toward inversion also points to near-term tightness.

## Read by commodity

- OATS: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/canada-markets/blog-post/2019/09/11/oat-futures-higher-good-reason

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