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
CBOT oats hit record high, rail delays keep supplies tight
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
Grainworld: Oats market a ‘trainwreck’
Winnipeg | CNS Canada — The oats market in North America is a “trainwreck”, and there’s not much positive in the six- to 12-month outlook, an analyst told the Wild Oats Grainworld conference here Tuesday. “We have got bottlenecks all over the place. We are within an eyelash of shutting down the milling industry in […] Read more
CBOT oats run limit-up, hit record high on Prairie rail woes
Chicago | Reuters — The daily trading limit for Chicago Board of Trade oat futures and options will increase to 30 cents a bushel when the markets reopen, after the front-month contract rallied the 20-cent limit to an all-time high of US$5.03 on Tuesday. This is the second time in less than a week that […] Read more
Trading limits expand for CBOT oats on Prairie rail jams
Chicago | Reuters — The daily trading limit for Chicago Board of Trade (CBOT) oat futures and options expands to US30 cents a bushel when the grain markets open on Thursday after the nearby contracts rallied the 20-cent limit on tight oat inventories. CBOT oat futures closed on Wednesday locked up the 20-cent limit in […] Read more
Cheerios maker not taking all products GM-free
General Mills still supports genetically modified (GM) technology, despite the food company’s move to market Cheerios as free of GM ingredients, a company representative told CropSphere delegates Tuesday in Saskatoon. “From General Mills’ perspective, we want to do what consumers are anticipating and wanting,” Steve Peterson responded when asked about the company’s GM-free Cheerios. Peterson […] Read more
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