# December Oats Reach Contract High

> December oat futures reached a contract high of $2.99/bu on June 14, extending an uptrend since 2016. AAFC tables put 2018-19 Canadian oat stocks down about 36% to 500,000 metric tons, 41% below the five-year average. Noncommercial traders hold their largest net-short position since 2013.

- Date: 2019-06-14 · published 2019-06-14T12:00:00.000Z
- Category: market · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/58640-december-oats-reach-contract-high
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

Historically low Canadian oat stocks and a large speculative short position point to continued upward pressure on oat prices for feed buyers.

## Read by commodity

- OATS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| OATS | 2019-06-23 | 5 | -9.1% | -2.8 | December oats hit a contract high of $2.99/bu on June 14 on tight Canadian stocks with record spec shorts; a peak like this plausibly set up profit-taking and a sharp pullback in the following week. |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/canada-markets/blog-post/2019/06/14/december-oats-reach-contract-high

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