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Chicago oats futures rallied roughly 12% in the first week of August, reaching about $2.67 per bushel, near five-month highs. Analysts cited drought hurting European oat quality and volume and speculation that China could buy Canadian oats to avoid US feed grain tariffs.
Drought-reduced European oat supply and possible Chinese demand for Canadian oats support oat and feed grain prices. The rally is driven by supply concerns rather than a single new event.
ca.investing.comAug 7, 2018After 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.
