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Canadian oat buyer Grain Millers Canada says a late, wet spring could push farmers to seed more oats instead of wheat. Oat contracts are around $3 per bushel with steady cash prices.
Statistics Canada releases its principal field crop areas report on April 27.
Expanded oat acreage would add feed grain supply in Canada, a modest bearish factor for oat prices, though steady pricing signals current demand is firm.
farmtario.comAshley RobinsonApr 13, 2018After 96 past weather events, Oats moved a median -0.2% over 5 sessions (49% higher; middle half -3.5% to +4.3%), and -0.3% 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.
