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The USDA weekly crop report for the week ending July 29 shows the Upper Midwest oat harvest is most advanced, with South Dakota at 54 percent harvested. Oat and barley conditions are mostly good to excellent, and barley harvest is only beginning.
Good oat conditions and an early harvest point to ample supply, which is mildly bearish for feed oat and barley prices.
agweek.comJonathan Knutson, Agweek Staff WriterJul 31, 2018After 72 past bearish report events, Oats moved a median +0.2% over 5 sessions (50% higher; middle half -3.7% to +3.8%), and -2.5% 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.
