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South Dakota and North Dakota growers report high oat yields and rising acreage. South Dakota oat plantings reached 310,000 acres in 2016, up from 160,000 in 2012, and North Dakota planted about 320,000 acres.
Expanding Northern Plains oat acres increase supply for feed and milling buyers, which tends to weigh on prices unless demand grows in step.
farmprogress.comCurt ArensJan 26, 2017After 72 past bearish report events, Oats moved a median +0.2% over 5 sessions (50% higher; middle half -3.7% to +3.8%), and -2.5% over 20.
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.
