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Oat technicals are described as bullish after nearby futures rallied from a September low of $1.71 to a November high of $2.43, with March 2017 near $2.42 on January 13. USDA's January report left 2016-17 US oat ending stocks at 47 million bushels.
Chart analysis points to potential further gains toward $2.82, though stocks-to-use remains comfortable. Price direction depends on technical follow-through rather than a fundamental shift.
dtnpf.comDarin NewsomJan 13, 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.
