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December oats futures finished lower on August 9 but stayed near the 2018 high and posted a second straight weekly gain. Prices failed at retracement resistance near $2.77 per bushel, and CFTC data showed modest speculative positioning.
Technical strength with light speculative positioning suggests oat prices are supported but lack strong fund momentum. Feed buyers face firmer oat values into the new crop.
dtnpf.comCliff JamiesonAug 9, 2018Not 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.
