This post serves as a timestamp on our current crop sales positions.
2017/18 (old crop sales)
Oats: Moving from 40% sold to 60% sold
2018/19 (new crop sales)
Oats: Maintain our 0% sold position
January 24, 2018: We’ve seen oats prices pick up a bit over the last month and this offers us an opportunity to take some gains off the table.
Today in the oats market, there are few bullish factors that offer us significant upside in the markets. Current dryness across the United States is helping to push prices higher in addition to speculation on acreage, but if acreage goes up, this could just as easily hurt us.
Thus we’re contracting another 20% block of 2017/18 old crop oats and moving to 60% sold.