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Oat bids in Saskatchewan firmed this week, rising five cents to a range of $2.33 to $3.04 a bushel, as harvest yields and quality came in better than expected. Harvest was over three-quarters complete after recent rains delayed progress.
Oat plantings rose to 1.66 million acres from 1.38 million in 2016.
A larger expected carryout from bigger acreage would weigh on prices, but a smaller, poor-quality 2016 carryout supports the view that prices could hold steady through the rest of the crop year for feed buyers.
grainews.caGFM Network NewsOct 3, 2017Not 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.
