World Perspectives
feed-grains

Oat Export Stoppage

Ukraine has announced an export stoppage for various agricultural commodities, including for oats, and Russia said it would restrict exports to certain markets but has not specified what or where. USDA today cut its forecast for wheat exports from these two major suppliers. The WASDE report raised the market average price for oats from $4.00/bushel to $4.20/bushel. The value of oats are now up over 50 percent from last year, rising from $122.15/MT to $185.19/MT for 2022/23. Mid-session today, March oat futures are up almost 10 percent but there are declines in the deferred. Although Russia and Ukraine collectively supply just 7 percent of global oats, the stocks to use ratio is just 9.6 percent. Mitigating some of the impact is the fact th...

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