CNS Canada — While this year’s oats crop in Canada may not be above-average, prices are staying relatively strong in comparison to other crops, from where one southern Manitoba merchant sits. “They’ve held in very strong relative to corn and wheat,” said Ryan McKnight, a grain merchant for Linear Grain at Carman, Man. “Out of […] Read more
Oats prices remain steady, crop quality questionable
W. Canada spring wheat, durum yields look second-biggest ever: crop tour
Reuters — Western Canada spring wheat and durum yields this year look to fall from last year’s high levels, but the still bountiful production should offset some losses from flooded farms, leaders of a crop tour said on Thursday. The inaugural Cereals North America Canadian crop tour pegged spring wheat yield potential in the region […] Read more
Ag Canada tightens grain/oilseed stocks projections
CNS — Ending stocks of Canada’s major grains and oilseeds at the close of the upcoming 2014/15 (Jul/Nov) crop year will be tighter than earlier projections, according to updated supply/demand tables released by Agriculture and Agri-Food Canada’s market analysis branch on July 22. The latest tables take into account the latest acreage estimates released by […] Read more
Shipping delays push oat prices downward
CNS Canada — The backlogged rail system in Canada has slowly started to move for certain commodities, but oats continue to remain on the shipping backburner, pushing prices lower according to some industry participants. While oat prices at larger companies right now are quite poor, bidding at under $1 per bushel, there are some specialty-type […] Read more
Oat prices edging down, well off highs
CNS Canada — Canadian oat prices have dropped slightly after a brief incline last week, as the market took same direction from U.S. futures. “It has something to do with the index fund roll, so that was weakening the spread,” said Ryan McKnight, a grain merchant at Linear Grain at Carman, Man. “So I think […] Read more
Oats still struggling to move south
CNS Canada — The Prairie oats industry continues to suffer from a lack of rail cars allocated to move south, as it forces some companies to truck oats to U.S. millers. Shipping oats by truck means very expensive freight costs, resulting in lower prices for farmers, and higher prices for end users, said Ryan McKnight […] Read more
Logistics still propping up old-crop oats
CNS Canada — The oats futures market remains at a considerable inverse, with the old-crop May contract in Chicago trading at an 88-cent premium over the new-crop December as logistics issues continue to hamper Canadian grain movement. “There are oats on farm, but the U.S. mills are having a hard time physically taking possession,” said […] Read more
EU oat exports set for nine-year high on N. America woes
Paris | Reuters — European Union exports of oats are on course to hit a nine-year high, official data showed on Thursday, reflecting strong U.S. demand as logistical snags curb supply of the cereal from top exporter Canada. The supply tensions in North America have put a spotlight on what’s a niche market compared to […] Read more
CBOT oats hit record high, rail delays keep supplies tight
Chicago | Reuters — The Chicago Board of Trade oat market soared 17 per cent to an all-time high on Wednesday, continuing a month-long rally on tight supplies due to backlogged rail shipments from top exporter Canada. The biggest gains were notched in the thinly traded March contract as traders exited their short positions ahead […] Read more
Drozd: Harami signaled market low before oats’ record-high rally
Nearby oat futures contract posted a new historical high of $5.33 per bushel on Feb. 26. This exceeded the previous high of $4.58 in July 2008. Referencing the March 2014 oat futures contract in Chicago, this rally began from a contract low of $3 per bushel on Oct. 2, 2013, the same day a harami […] Read more
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