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Grain Millers Yorkton is paying $4 a bushel for summer-delivery oats, and new-crop oat prices have pushed above $3. Pandemic-driven demand for oat products is cited as the reason, and an industry buyer expects oat acreage to rise at least 10% this year.
Stronger oat cash bids and expected acreage gains point to firmer oat values for feed and milling buyers, with some late-seeded acres shifting from corn into oats.
farmnewsnow.comAlice McFarlaneJun 2, 2020Not enough comparable past events yet for a historical read.
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.
