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AgChieve analyst David Drozd says oat stocks are very tight and Canadian farmers may need to plant more oat acres in 2019. He says current new-crop prices are not high enough to attract those acres.
He also expects a typical spring rally in canola and soybeans.
If oat acreage falls short, tight supplies could keep oat prices firm; the canola and soybean rally view points to seasonal price support.
m.farms.comBaseFeb 25, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
