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CBH has expanded its oat processing capacity through Blue Lake Milling in South Australia and Victoria, including a new bunker at Dimboola. Farmers who locked in contracts near $300/t for human consumption oats earlier in the year saw good margins, but harvert-time oat prices were disappointing, in line with barley and lower-grade wheat.
Growing processing capacity for milling oats could widen the market for oats beyond feed, but weak harvest-time prices suggest feed-grade oat values remain under pressure.
farmonline.com.auGregor HeardFeb 16, 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.
