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Rising middle-class demand and changing diets in Asia are driving oat expansion in Western Australia. DAFWA's Rob Loughman said 2016 production reached 0.9 Mt, about 200,000 t above forecasts, pushing market prices to roughly $150-160/t.
A supply surplus of about 200,000 t has pushed Australian oat prices down from the roughly $350/t offered two years earlier, and the expanding acreage keeps supply ample.
graincentral.comLiz WellsMar 6, 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.
