MarketsFarm — Western Canada’s oats market is stable at prices a bit better than a year ago, as harvest gets underway and participants wait to see how much will move off the combine to the market. Early yield reports range anywhere from 80 to 140 bushels per acre, said Tyler Palmer, grain buyer with Emerson […] Read more
Oats market steady, watching harvest
Oats market solid, watching weather
MarketsFarm — Tight old-crop supplies are keeping oats prices well supported in Western Canada, although buyers are covered for the time being and waiting for a clearer picture on new-crop production. “It’s tough to find old-crop demand currently, as many larger-scale end-users are covered,” said Ryan McKnight of Linear Grain at Carman, Man. Most buyers […] Read more
Cash oats steady despite climb in futures
CNS Canada — Oats futures at the Chicago Board of Trade have posted solid gains over the past month, but the cash market in Western Canada remains steady overall. “It’s been a nice little rally up,” said Scott Shiels, grain procurement manager with Grain Millers Canada on the 35 U.S. cents per bushel rise in […] Read more
Oats buyers filled for now, watching weather
CNS Canada — The hot, dry weather concerns supporting spring wheat prices across North America are also lending some strength to oats, but large old-crop supplies and a lack of significant end-user demand is limiting price movement for now. “We’ve been bought up for old crop for months,” said Scott Shiels of Grain Millers Inc. […] 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
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 […] Read more
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. […] Read more
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 […] Read more
Little upside in oats as futures hit five-year lows
CNS Canada –– Oats futures in Chicago are trading at their lowest levels in five years, and cash bids in Western Canada are also doing little to encourage farmer selling. September oats at the Chicago Board of Trade settled Monday at US$2.2325, the lowest close for the front-month contract since June 2010. Cash bids are […] Read more
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