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Organic crop demand in Canada has been muted, with most buyers covered from last year's good crop. Feed grain demand, including oats, has been strong because of dryness on the Prairies and heavy rain in the East.
Feed barley is quoted at C$7.25-9.15/bu and feed wheat at C$9.50-12/bu.
Dry Prairie conditions and wet eastern weather are keeping feed grain demand firm, which supports feed grain prices.
agcanada.comOrganicBizJun 28, 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.
Not 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.
