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CBOT December 2016 oat futures rallied about $0.69 per bushel between September and October 2016, rising from $1.71 to $2.40, a one-year high. The column attributes the move to technical chart signals, specifically a harami pattern in late September.
Oat futures hitting a one-year high raises feed oat costs for buyers, though the column is technical analysis rather than a new fundamental supply shock.
manitobacooperator.caDavid DrozdDec 2, 2016Not 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.
