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Hot, dry weather in North America is lending some strength to oat prices, but large old-crop supplies and limited end-user demand are restraining gains. Canadian farmers seeded 3.22 million acres of oats this spring, about 200,000 acres below earlier expectations.
Smaller-than-expected acreage and weather risk underpin new-crop oat cash prices, though filled end-user books cap near-term upside.
country-guide.caPhil Franz-WarkentinJul 6, 2017
manitobacooperator.caGFM Network News, Phil Franz-WarkentinJul 6, 2017After 68 past bullish weather events, OATS moved a median -0.8% over 5 sessions (47% higher; middle half -3.6% to +3.9%), and -0.3% 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.
