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WA oat growers are seeing strong domestic demand and higher prices due to dry seasonal conditions and livestock feed needs. China is set to abolish its tariffs on Australian oats on January 1, 2019, which could open export opportunities for WA growers and UniGrain's Wagin mill.
Dry conditions tightening local supply plus a future Chinese tariff removal support oat prices and export demand for Australian feed-grade oats.
farmweekly.com.auAidan SmithJun 3, 2018After 40 past bullish trade events, Oats moved a median -0.6% over 5 sessions (40% higher; middle half -2.8% to +1.7%), and -3.2% over 20.
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.
