Oat Futures - The Blue line is a Donchian channel, red line is a 5 day exponential average, green line is a 20 day exponential average. Vertical green bars MACD (Moving average convergence divergence) 5 and 20.
Oats Notes & Links:
Old timers say that oats always leads the way, either down or up.
2/7/11 Canada estimates oat stocks at 2.1 million tons as of Dec. 31, down 31% YoY.
6/30/10 The USDA estimated the 2010 planted area for:
Oats 3.176 million (the lowest on record)
6/14/10 Wet weather could slash oat production in Western Canada, the second-biggest oat-growing region in the world, by more than 700,000 tonnes. That kind of drop represents 22% of the Canadian Agriculture Department's May 5 production estimate of 3.2 million tonnes.