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USDA's first 2025 national oat condition rating came in at 660, well below the 1996-2025 average of 717 and down from 712 a year earlier. Texas has the lowest initial rating at 498 after several years of drought.
A poor early crop rating raises the risk of lower oat production, which could support oat prices and tighten feed oat supplies, though the rating is only an early indicator.
After 68 past bullish weather events, Oats moved a median -0.8% over 5 sessions (47% higher; middle half -3.6% to +3.9%), 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.