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December oats closed at $2.43 1/4 per bushel on August 30, falling below technical support at $2.44 1/4. Noncommercial traders still hold a net-long position, though it has been reduced by about 31.5% since August 1.
Technical selling and liquidation of the large speculative long could push oats prices lower in the near term.
dtnpf.comCliff JamiesonAug 30, 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.
