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USDA's September 1 stocks report showed 71.8 million bushels of US oats, down 8.6% from a year earlier and the second lowest for that date since 1975/76. Stocks made up 34.8% of 2017/18 supplies, the lowest share in four years.
December oat futures ended higher at $2.52 1/2.
Tight old-crop supplies raise the likelihood of higher US oat imports in the upcoming WASDE, which supports prices for feed buyers.
dtnpf.comCliff JamiesonOct 2, 2017After 52 past bullish report events, OATS moved a median -2.0% over 5 sessions (33% higher; middle half -3.4% to +2.4%), and +0.7% 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.
