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Iowa, once the leading US oat producer, now lacks local markets for the crop, as Quaker Oats' Cedar Rapids plant does not buy from Iowa growers. Most Iowa livestock operations also leave oats out of their feed rations.
Some small farms have started selling oats directly to hobby and livestock owners.
Weak local demand from processors and livestock feeders limits the outlet for Iowa oats and keeps regional prices under pressure.
Not 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.