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Western Canadian oat prices are well supported by tight old-crop supplies, though most buyers are already covered for old and new crop. Cash bids top out around $3.90/bu in Manitoba, $3.50 in Saskatchewan and $3.99 in Alberta, with new-crop bids of about $2.70 to $3.30.
Statistics Canada data shows intended oat plantings of 3.291 million acres, up about 8%.
Tight old-crop stocks and a modest expected acreage increase leave oat supplies for feed users firm into the new crop, supporting prices.
grainews.caGFM Network NewsJun 13, 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.
