
Iowa State economist Chad Hart attributes higher oat and coffee prices to severe weather over the past year. He notes that western US droughts that began in 2020 led farmers to plant less oats and harvest about 40% less in 2021.
The piece also discusses soybean oil demand for renewable diesel and the policy and energy-price factors that could drive a future biofuel boom.
Lower oat supplies from drought keep oat prices firm for feed buyers. The soybean oil biofuel outlook is a longer-term factor that depends on policy and crude prices.
Setelah 68 peristiwa cuaca bullish sebelumnya, Oat bergerak median -0,8% selama 5 sesi (47% lebih tinggi; separuh tengah -3,6% sampai +3,9%), dan -0,3% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.