# Oats to 323 cents: stocks-to-use has already loosened

> The article argues that oat stocks-to-use has risen to 23.6%, close to the 23.4% recorded in 2025/26, when the USDA’s season-average farm price was $3.23 per bushel. It gives a December 10 base-case futures target of 323 cents, with a 311-cent bear case and a 350.75-cent bull case.

- Date: 2026-11-10 · published 2026-11-11T00:06:45.965Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/92373-oats-to-323-cents-stocks-to-use-has-already-loosened
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

A relatively loose stocks-to-use ratio points to more available supply compared with use and supports a lower price outlook. A reduction in ending stocks could instead tighten the balance and support prices.

## Read by commodity

- OATS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| OATS | 2022-12-20 | [AAFC Forecasts Oat Stocks to Swell](https://feedsoft.ai/events/38289-aafc-forecasts-oat-stocks-to-swell.md) | +11.2% | +10.5% |
| OATS | 2021-05-28 | [UK oat stocks to rise as exports drop off: Grain market daily \| AHDB](https://feedsoft.ai/events/47152-uk-oat-stocks-to-rise-as-exports-drop-off-grain-market-daily-ahdb.md) | +5.9% | +1.3% |
| OATS | 2023-10-24 | [Rolled higher up: Taking stock of Canadian oats - Statistics Canada](https://feedsoft.ai/events/33702-rolled-higher-up-taking-stock-of-canadian-oats-statistics-canada.md) | +4.7% | -9.9% |
| OATS | 2025-12-18 | [Barley, Oat Ending Stocks Up from... \| Syngenta CA](https://feedsoft.ai/events/21552-barley-oat-ending-stocks-up-from-syngenta-ca.md) | +6.0% | +5.3% |
| OATS | 2026-10-28 | [Winter crops set to hold steady for 2027 as oats recover - 28 October 2026 Premium](https://feedsoft.ai/events/102-winter-crops-set-to-hold-steady-for-2027-as-oats-recover-28-october-2026-premium.md) | -1.9% | — |

## Sources

- theindustryspread.com: https://theindustryspread.com/oats-looser-stock-ratio-farm-price/

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