
The USDA's first 2021 national oats condition report rated the crop at 664, well below the year-ago 750 and the 1996-2020 average of 724. Oats futures traded above $4.00 per bushel, a level not seen since May 2014.
Dry and drought conditions cover the Upper Midwest, Northern Plains and Texas, the main oat-growing areas.
A poor early crop rating in key oat regions tightens expected supply and supports oat and feed grain prices. The early rating has a weak historical link to final yields, so the price signal may fade if conditions improve.
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.