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December oats posted a modest loss on July 21 but gained 6 1/4 cents for the week, its highest close yet and near contract highs. The $3 per bushel level remains a resistance hurdle, and noncommercial traders held a large net-long position.
Firm futures near $3 and a bullish December/March inverse signal tight nearby oat supplies, supporting feed oat cash prices.
dtnpf.comCliff JamiesonJul 21, 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.
