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Forage oat plantings are running strong across mixed farming regions of Australia, driven by high cattle prices and good sowing rains. Milling oat plantings in key growing areas are expected to be down on last year because of lower oat grain prices.
Strong forage oat demand supports local feed supplies, but a smaller milling oat area points to tighter milling supply later in the season, with little clear price effect yet.
graincentral.comLiz WellsApr 7, 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.
