A longtime axiom in the grain trade is follow oats. Oats knows.
Well, if that’s true, there are struggles ahead for all grain producers. USDA’s March acreage report showed oat acres to be the third lowest on record, just 2.4 million acres. It would seem to follow them, fewer acres, reduced supply, that prices would be improving.
July oat futures have been range bound most all of April, 3.45 in the top side, 3.35 on the bottom. The last time July futures surpassed $4 was mid-May of 2024.
Audio Reporting by Mark Oppold for Southeast AgNet.
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