CNS Canada — Oat producers are playing the waiting game when it comes to one of the most important things for oat crops: quality. “There’s always a concern about quality and you never know where that is going to be until harvest,” said Art Enns, president of the Prairie Oat Growers Association at Morris in […] Read more
Oats face numerous pre-harvest question marks
Chicago oats rally with Prairie rains, for now
CNS Canada — Oat prices at the Chicago Board of Trade have advanced as rain soaks Canada’s crops, but one U.S. analyst doesn’t expect those gains to hold. Close to half of Canada’s seeded oat area is in Saskatchewan, Statistics Canada data shows, and some parts of the province have seen heavy rains and flooding. […] Read more
Cash oats disconnect from falling futures
CNS Canada — Oat futures at the Chicago Board of Trade may be trending lower, but any further losses in the futures will only cause basis levels in the Canadian countryside to widen further, as farmers are reluctant to sell below their targeted levels. The delivery specs against CBOT oats futures are not milling quality, […] Read more
Pressure on oat prices sends farmers scouting other crops
CNS Canada — Lukewarm prices for oats, coupled with dry conditions in Alberta and soggy conditions in Manitoba, are crimping acreage this year. Generally known as one of the hardier crops around, oats haven’t been setting any record highs on price charts, resulting in a forecast of 11 per cent less acreage in Canada. “The […] Read more
Five tips for a successful oat crop
Oats is a small-acre crop that has tended to fall behind in terms of agronomy research. That’s changing as more oat varieties become available and new niche markets continue to develop and offer premiums to growers meeting their specifications. For anyone trying oats for the first time, or considering adding oats to their rotation, soak[...]
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Oats’ buyers, sellers far apart on price
CNS Canada — Farmers with oats to sell and end-users willing to buy them are far apart in terms of price right now, limiting how much business is actually taking place. Major U.S. customers are well covered for the time being, “with enough to last for a few months worth of milling,” said Ryan McKnight[...]
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Higher oat stocks expected, CBOT futures weak
CNS Canada — CBOT (Chicago Board of Trade) oats are relatively weak, but fairly priced from where one U.S. analyst sits — and traders are looking to an upcoming Statistics Canada report for indication on where to move next. “Just looking at the market in general, oats are somewhat cheap, but right now I think[...]
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Oat prices move higher to spur farmer selling
CNS Canada — Prairie oat prices are ticking upward as buyers try to coax farmers into a slow market — but prices, most notably in Saskatchewan, may need to move further before that happens. “Prices are below expectations, and in some instances quality is below what the market is willing to accept at this point,”[...]
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Stronger demand for minor feeds reflected in oats futures
CNS Canada — Oats futures at the Chicago Board of Trade have been creeping higher, which a U.S.-based analyst attributes to increasing demand for minor feed grains. Data from Canada and the U.S. project oat yields to increase from last year, which are capping gains, but at the same time, the demand picture has improved.[...]
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Oats steady and low, but price-wise the worst is over
Manitoba’s oat market is sitting low and stagnant, but since the commodity traditionally tracks corn futures, prices aren’t likely to depreciate further, says a U.S. analyst. “I think Manitoba farmers were expecting a lot better and Saskatchewan farmers were expecting a lot worse, but really when the combines got in the field—you know everything was[...]
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