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May oats stabilized on Monday after eight consecutive lower daily closes. USDA reported March 1 stocks of 63.2 million bushels, down 15.7% from a year earlier but above the five-year average.
Stocks above the five-year average and a possibly higher-than-expected carryout keep the oat price capped, though speculative buying has recovered.
dtnpf.comCliff JamiesonApr 3, 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.
