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Canadian analysts Randy Strychar and Shawna Mathieson forecast a 12% to 13% rise in Canadian oat plantings for 2017, largely taken from spring wheat. Their forecasts were above Statistics Canada's 6% to 7% estimate.
Uncertainty persists over oat acres lost to snow at harvest, and quality from the unharvested acres is a concern.
A bigger oat crop would add supply and weigh on oat prices, while less spring wheat area could support wheat prices. Quality problems from the 2016 harvest could limit usable feed oat supply.
world-grain.comJay SjervenMar 14, 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.
After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% 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.
