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Oat News
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USDA forecasting record low US harvested oat area, production also on a path for record lows
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USDA forecasting lower world oat production in 2021, record high world oat imports in 2021/22
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Western Australia oat exports off to a very strong start for 2021
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COCERAL forecasting lower oat area and production in 2021, but still expected above the averages
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Sweden oat exports down for the first half of the 2020/21 CY despite large-good quality 2020 oat crop
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Australia oat product exports set a record high with one month to go in the year, growth will continue moving forward. Â
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Stats Can raises Canadian oat production slightly this month and is up 8% YOY, and 19% above the five-year average
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Russia making inroads into China oat imports but only when Australia fades
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Weekly Global Oat Market Summary
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Canada remains on pace for near-record low end and opening oat stocks
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2020 Finland oat planting forecast up 9% YOY but expectations of below-average yields could see oat production drop in 2020
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Canadian oat export on pace to finish 17% above the five-year average, covid lifts oat product exports
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Stats Can holds 2020 Canadian oat planting forecast steady but increases Saskatchewan and Manitoba seeded area
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Bayer to pay up to US$10.9 billion to settle Monsanto Roundup case –this could impact North American oat markets
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Crop conditions in major eastern Canadian prairie oat regions below average, much below in eastern Manitoba
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Japan oat imports up slightly YTD, Canada continues to grab market share from Australia, broader crop year trends a concern
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USDA raised world oat production to a 12-year high while upping Australia oat production and exports — export battle shaping up between, Canada, Australia, and Russia in 2020/21
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Western Australia oat prices tumble below the four-year average as moisture levels improve—EU/UK receive some needed moisture but much more needed – Dry W. Canada oat regions getting needed moisture, Alberta too wet, further delays for oat seeding rai
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CBOT oat futures edging towards major resistance, but further fund/spec buying needed to the sustain rally
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UK 2019/20 oat ending stocks cut but still remain historically large, oat prices however remain strong
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UK oat yield concerns rising as dryness persists and expand southward, little moisture in the near term forecast
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North American oat food companies reporting strong sales
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Saskatchewan oat plantings at 26%, well behind the last year but near the average.
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Declining Mpls/Duluth commercial oat stocks correlating with higher oat futures and cash oat prices
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South Korea raw oat imports slow after five-years of steady growth
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Global oat markets are expected to climb above the averages in area, production and trade said the USDA in their first 2020/21 forecast
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Finnish oat exports year to-date (Jul-Feb) are on a near record pace
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