Reading Time: 2 minutes 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

Oat prices running out of upside

Demand pushes up cash prices for oats
Cash oats uncoupled from Chicago futures values
Reading Time: 2 minutes 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
Reading Time: < 1 minute 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
Reading Time: < 1 minute 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

Oats market steady, watching harvest
Reading Time: < 1 minute 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 solid, watching weather
Reading Time: 2 minutes 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

Millers likely to see tighter oat supplies
Reading Time: 3 minutes 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
Reading Time: 2 minutes 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
Cash oats steady despite climb in futures
Reading Time: < 1 minute 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

Oat prices keep firm as harvest rolls in
Reading Time: < 1 minute 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