Forecasts for 2019 Canadian crop plantings are beginning to come forward. The latest estimates from Farm Credit Canada are calling for a 16% increase in Canadian seeded oat area this spring. This compares with the recent Ag Canada forecast of up 5.3%, and the average industry estimate of between 3-5% higher. Quite clearly, anything less […]
Farm Credit Canada forecasting a 16% increase in oat plantings, well above Ag Canada and the Canadian oat trade’s 5% guess
Posted on Thursday, February 21st, 2019 at 7:01 pm News Stories.
UK oat milling remains on a record pace, oat product exports down 5.8% YTD
Posted on Friday, February 8th, 2019 at 5:44 am News Stories.
AHDB published the latest year-to-date (Jul-Dec) UK oat milling estimates today. Mill use in the first six months of the 2018/19 crop year was pegged at 0.282 MMT, up 2.8% YOY. Use in the second quarter was down 2.8% compared to the prior year but YTD use remains on a record pace. Oat stocks at […]
Solid growth continues for EU oat product exports to 3rd countries, expected growth of 28% into 2022
Posted on Tuesday, January 22nd, 2019 at 6:45 pm News Stories.
EU oat product exports to 3rd countries continue to show solid growth with a five-year CAGR of 4.9%. Third country exports are to non-EU destinations. These exports account for on average 22% of total oat product exports of the EU. Exports year-to-date(Jan-Oct) are up 2.4% (see pg. 2). Exports are forecast to rise by 28% […]
Canadian oat balance sheet remains tight, feed use and exports remain key factors
Posted on Sunday, January 6th, 2019 at 6:15 pm News Stories.
The 2018/19 Canadian oat balance sheet remains very tight after the first five months of the crop year. End stocks are forecast at 0.527 MMT, which if realized would be down 33% from 2017/18 and 38% below the five-year average (see below). Two variables, exports, and feed use remain the major factors that will impact […]
Canadian 2018/19 oat supplies down 6% YOY but on par with the average , end stocks remain historically tight
Posted on Thursday, December 6th, 2018 at 3:55 pm News Stories.
Statistics Canada (STC) today pegged the 2018 Canadian oat crop at3.436 MMT, up 4% this month but down 8% compared to last year’s estimate of 3.733 mmt and 2% above the average. The higher estimate was not totally unexpected given reports of above average oat yields in major commercial oat areas in NE Sask and […]
COCERAL lowers EU oat production estimates this month
Posted on Wednesday, December 5th, 2018 at 11:51 am News Stories.
COCERAL’s released their final 2018 oat production estimates today. Total EU-28 oat production is pegged at 7.883 MMT, down 4.4% from their Sept estimate, but is down less than 1% from last year and is on par with the average. The extreme drought conditions this year did, however, have a huge impact on production in […]
Further area and yield cuts this month take the 2018 Australia oat crop to the lowest in second lowest in 36 years
Posted on Tuesday, December 4th, 2018 at 8:54 am News Stories.
One of the worst droughts in history has reduced the Australian oat crop to the second lowest level in 36-year low and near the record low. ABARES today pegged 2018 oat production at 0.888 MMT, down 15.3% from last month and 20.7% below last year. The current estimate is 38% below the average. ABARES made […]
Saskatchewan 2018 oat crop quality forecast well above average
Posted on Tuesday, November 13th, 2018 at 7:06 pm News Stories.
Saskatchewan Agriculture (SA), in the last crop report of the year, estimated 85% of the provincial oat crop will come in at the top two grades. While this is down from 94% last year, the 2018 crop is still well above the five and ten-year averages of 79% and 70% in terms of milling quality. […]
Chinese oat imports grow 428% in five years, further gains expected into 2021
Posted on Tuesday, November 6th, 2018 at 5:41 pm News Stories.
Demand for breakfast cereal in China is expected to continue to grow amid the urbanisation of the population and continued interest in Western eating habits. Breakfast cereal witnessed a 10% growth in current value terms in 2017 with forecasts calling for continued solid gains into 2021. The boom in cereal demand has seen China oat […]
Historical data points to higher UK oat prices into the New Year
Posted on Monday, November 5th, 2018 at 6:35 pm News Stories.
UK grower oat prices are trading nearly £60.00/t more than in October 2017 based on corn return data. Smaller than expected oat production this year, that also has quality issues, is coupling with rising commercial oat use to push oat prices to the highest monthly price since May 2013. UK oat production is estimated to […]