EU oat production in majors “more than ample” but firming EU grain prices keeping oat prices trending higher.
Mpls/Duluth commercial oat stocks up YOY but lagging well behind the average as market dynamics shift.
Mixed growth in top Global oat import markets.
Saskatchewan oat quality for 2020 3rd highest in the past 15 years, 2020/21 balance sheet unchanged, Western Canada oat price lows are in for the crop year, Sask oat yield outlook raised this month but still well below STC’s August forecast.
Managed Money continues to add to large net CBOT oat long, longer-term bearish to prices.