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Oat markets were quiet and stable but softer after recent Statistics Canada reports showing a 27% production increase over last year. Good-quality milling oats were bid around $4.00/bu picked up, while lighter oats ranged from $2.30 to $3.00/bu.
Flax held steady near $17.75 FOB with limited December buyer activity.
A larger reported oat crop adds supply to the market and pressures bids until first-quarter 2025 demand becomes clearer. Buyers can expect subdued oat prices in the near term.
rayglen.comAmanda AndersonDec 18, 2024After 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.
