# December Oats Break Support

> 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.

- Date: 2017-08-30 · published 2017-08-30T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/69503-december-oats-break-support
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

Technical selling and liquidation of the large speculative long could push oats prices lower in the near term.

## Read by commodity

- OATS: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/canada-markets/blog-post/2017/08/30/december-oats-break-support

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.