March 2018 Oats Prices Recap

It was an ugly month for oats prices if you’re only looking at contracts out of Chicago.

Whipsawing in wheat prices in March and concerns about demand weighed on prices on the big board. However, farmers in Western Canada were largely isolated from the damage.

Here’s a breakdown of the action on the futures contracts that we’re watching this month:

  • May 2018: -16.8% or -45.3¢ to $2.250 USD / bushel
  • July 2018: -14.3% or -39.0¢ to $2.338 USD / bushel
  • Dec 2018: -5.6% or -15.0¢ to $2.508 USD / bushel

And this quarter:

  • May 2018: -8.9% or -22.0¢ USD / bushel
  • July 2018: -8.0% or -20.2¢ USD / bushel
  • Dec 2018: -2.8% or -7.2¢ USD / bushel

This week, the USDA reported that U.S. oats acreage will come in around 2.72 million acres. That number was 128,000 acres higher than last year. It’s been a tough time for U.S. oats farmers given the lack of liquidity in the market.

This month we discussed potential price boosters in the oats market, as well as the impact of the Indian tariff on oats acreage moving forward. Specifically, we looked at:

Be sure to sign up for your free 3-week trial at GrainCents as this month could be the most impactful for how and when you price your oats for the rest of 2017/18 old crop supply, as well as a significant portion of your 2018/19 supply.

About the Author
Garrett Baldwin

Garrett Baldwin is a content strategist and editor at FarmLead. He covers the global grain markets and public policy issues related to the agricultural industry. He is a graduate of the Medill School of Journalism at Northwestern University. He also holds a Master’s Degree in Economic Policy from The Johns Hopkins University, an MS in Agricultural Economics from Purdue University, and an MBA in Finance from Indiana University.

Most Recent Posts
Feb. 22 - Soybean, Canola Prices to Climb off the Lows?
February 22, 2019 Brennan Turner
Grain markets are mixed this morning as the complex tries to end a shortened-trading week in the green, one in which only corn, soybean, and canola prices have found gains.
October 4: Corn Prices Edge Higher With October WASDE in Focus
October 04, 2018 Garrett Baldwin
Corn prices ticked higher Thursday as traders and analysts began to speculate on next week’s release of the October WASDE report.
Adjusting for 2019 Corn and Soybean Exports
January 16, 2019 Brennan Turner
With the USDA quiet on data reporting thanks to the government shutdown, is the market expecting more corn exports but less soybean exports?