# Chicago oats rally with Prairie rains, for now - AgCanada

> Chicago oat futures rallied as heavy rain and flooding hit parts of Saskatchewan, Manitoba and other Prairie areas, which together grow much of Canada's oat crop. Deliverable oat supplies at the CBOT fell sharply, from 479 registrations on June 23 to 42 by the reported Tuesday, adding to the gains. An analyst said the rally may be short-lived because prices are near key moving averages.

- Date: 2016-07-13 · published 2016-07-13T12:00:00.000Z
- Category: weather · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/7496-chicago-oats-rally-with-prairie-rains-for-now-agcanada
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

Canada supplies a large share of world oats, so weather damage and tighter deliverable stocks support prices and raise the cost of oat-based feed, though the rally may fade.

## Read by commodity

- OATS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| OATS | 2022-04-11 | [Oats Hit Record High With Canadian Prairies Staying Dry - Bloomberg](https://feedsoft.ai/events/41890-oats-hit-record-high-with-canadian-prairies-staying-dry-bloomberg.md) | -4.2% | -18.8% |
| OATS | 2021-09-23 | [CBOT oats climb on supply woes - AgCanada](https://feedsoft.ai/events/45122-cbot-oats-climb-on-supply-woes-agcanada.md) | +4.8% | +19.6% |
| OATS | 2018-08-07 | [US-China Trade War Or European Drought? Oats Futures Rally Anyhow \| Investing.com Canada](https://feedsoft.ai/events/63577-us-china-trade-war-or-european-drought-oats-futures-rally-anyhow-investing-com.md) | -1.3% | -10.5% |
| OATS | 2021-07-21 | [Oat crop across Western Canada 'not stellar' - Grainews](https://feedsoft.ai/events/46112-oat-crop-across-western-canada-not-stellar-grainews.md) | +3.3% | +12.6% |
| OATS | 2017-07-06 | [Oats buyers filled for now, watching weather - Country Guide](https://feedsoft.ai/events/70014-oats-buyers-filled-for-now-watching-weather-country-guide.md) | +7.3% | +3.5% |

## Sources

- farmtario.com: https://farmtario.com/daily/chicago-oats-rally-with-prairie-rains-for-now/
- agcanada.com: https://www.agcanada.com/daily/chicago-oats-rally-with-prairie-rains-for-now
- country-guide.ca: https://www.country-guide.ca/daily/chicago-oats-rally-with-prairie-rains-for-now/
- manitobacooperator.ca: https://www.manitobacooperator.ca/daily/chicago-oats-rally-with-prairie-rains-for-now/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.