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Victorian growers are adding oaten hay to rotations as new hay processing plants are built at St Arnaud and Raywood, bringing the state's total to 10. Export premiums for premium oaten hay are attracting growers, with sowing supported by March and April rains.
Expanding oaten hay area and processing capacity adds fodder supply in Australia and may compete with grain oat and feed grain acreage, with limited global price impact.
graincentral.comNeil LyonMay 22, 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.
