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Statistics Canada's December report cut 2024 Canadian oat production to about 3.2 million metric tons, a 12-15% drop from last year. Lower planted acreage as farmers favored canola and wheat, plus dry spells in the Prairie Provinces, drove the decline.
Ending stocks are projected to fall to about 500,000 metric tons, the lowest in five years.
Tighter Canadian oat supplies and carryout stocks reduce exportable supply and support oat prices for feed buyers. Weather-driven production losses are likely to keep prices firm into 2025.
paradigmfutures.netDec 18, 2024After 68 past bullish weather events, Oats moved a median -0.8% over 5 sessions (47% higher; middle half -3.6% to +3.9%), and -0.3% 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.
