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Canadian oat crops are in reasonably good shape after recent rains, with about 3.15 million acres planned for 2018. Ending stocks are expected near one million tonnes in both 2017 and 2018, and buyers are well covered and patient.
Ample stocks and well-covered end-users point to downward pressure on oat prices over the summer unless weather disrupts key growing regions.
grainews.caGFM Network NewsJun 8, 2018
manitobacooperator.caGFM Network News, Phil Franz-WarkentinJun 8, 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.
