Food Industry
Industry: Email Alert RSS FeedMarket Talk: Oats Cash Prices to Rise with Futures.
Resource News International, July, 2005
WINNIPEG, Jul 15, 2005 (Resource News International via COMTEX)
The following is a collection of opinions of traders and industry representatives.
Oats futures prices at the Chicago Board of Trade have been
moving up in recent weeks and cash prices are likely to follow,
according to sources. Price increases have been credited to heavy
rainfall in Manitoba and the US corn market.
An oats miller in Manitoba said cash prices there are over C$2
per bushel, but feels that number probably dips under C$2 in
Saskatchewan and Alberta. He said the crop in Manitoba is ruined,
but conditions are much better in the west.
"What's really driving futures prices is the US corn market," the
miller stated. He said all feed prices are going up as the
eastern US...
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