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Oats futures at the Chicago Board of Trade have risen about 35 U.S. cents per bushel since early January, a move that a Grain Millers Canada buyer attributed mainly to short-covering in thin volume. Western Canadian cash oats have held steady near $3 per bushel with little activity.
Futures gains without fundamental support or cash follow-through suggest limited near-term price pressure on feed oats. Farmers are signing delivery contracts ahead of expected higher spring oat acres.
grainews.caGFM Network NewsJan 25, 2018
manitobacooperator.caGFM Network News, Phil Franz-WarkentinJan 25, 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.
