MarketsFarm — Oat prices in Western Canada have shown some strength over the past year, but competition from other crops will likely lead to an acreage reduction this spring despite the firm prices, according to market participants. Ryan McKnight, from Linear Grain at Carman, Man., had seen prices for the crop rise last fall, but […] Read more
Tag Archives oat prices
Oat prices running out of upside
Demand pushes up cash prices for oats
Cash oats uncoupled from Chicago futures values
MarketsFarm — While scarcity of oats on the Prairies has pushed up cash prices, there has been a drop in futures prices on the Chicago Board of Trade (CBOT), two buyers said. “The weakness in the futures definitely has nothing to do with cash prices in the country,” said Scott Shiels of Grain Millers at […] Read more
Oat area poised to rise
MarketsFarm — Solid prices and growing demand — and risk aversion among growers — should see more oat acres seeded in Canada in 2020, with early signs pointing to the largest oat crop in more than a decade. Agriculture and Agri-Food Canada predicted 2020 oat area at 3.93 million acres in its January report, which […] Read more
Large oat production won’t move prices
MarketsFarm — While the most recent crop production report from Statistics Canada predicted significantly more oats than originally expected, prices will likely remain stable. Statistics Canada estimated 3.952 million tonnes of oats will be grown in 2019, up considerably from the 3.436 million tonnes produced in 2018. But low carryover stocks from previous years means […] Read more
Millers likely to see tighter oat supplies
CNS Canada — Oat prices are on the rise as millers attempt to secure supplies amid a difficult harvest. “As of right now, it will be tight for everybody. The thing is there’s so much still to be harvested. If they get it off it might not be the best. Some of it will be […] Read more
Ample supply keeps oats under pressure
CNS Canada — Canadian oat crops are in reasonably good shape following recent rains, though prices may find themselves under pressure as end-users are well covered for the time being. Farmers planned on seeding about 3.15 million acres of oats in the country in 2018, down only slightly from the 3.2 million seeded the previous […] Read more
Oat prices keep firm as harvest rolls in
CNS Canada — Oat prices firmed this week in Saskatchewan as reports streamed in indicating yields were slightly better than anticipated. Harvest in Saskatchewan is over three-quarters complete, although recent rains have delayed that progress somewhat. The province is the dominant growing area for Canadian oats. Bids rose five cents to a range of $2.33 […] Read more
Canada’s oat acres look to rise in 2017
CNS Canada –– Canadian oat acres will likely be up in 2017, as relatively favourable cash prices draw in interest from producers, according to an oats merchandiser. Chicago Board of Trade (CBOT) oat futures have climbed sharply higher over the past month, but are still trading at a discount to the relatively steady cash market. […] Read more
Oat crop quality varies with moisture damage
CNS Canada — Oat quality is mixed across Western Canada, one buyer says, as moisture caused damage to not-yet-harvested grains. “Any oats that are still out there that have had substantial amounts of rain are likely not going to make milling spec,” said Ryan McKnight of Linear Grain. The portion of production usable for the […] Read more
Oats face numerous pre-harvest question marks
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
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