Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00...

45
Oat Outlook OATINFORMATION.COM OATINFORMATION.COM

Transcript of Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00...

Page 1: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Oat Outlook OATINFORMATION.COM

OATINFORMATION.COM

Page 2: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Canadian  Situation  Improved  But…

OATINFORMATION.COM

Its Dicey

Page 3: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

6 Key Factors Driving NA Oat Markets

•Tight Canada oat end stocks •Canadian rail car supply •2015 Canadian oat plantings •Lack of CBOT oat carry •North American feed use of oats •Global currencies

OATINFORMATION.COM

Page 4: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Canada Oat End Stocks

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Page 5: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Canadian Oat End Stocks

363

1,031

525 515

848

-

200

400

600

800

1,000

1,200

1,400

1,600

1,800

87/8

888

/89

89/9

090

/91

91/9

292

/93

93/9

494

/95

95/9

696

/97

97/9

898

/99

99/0

000

/01

01/0

202

/03

03/0

404

/05

05/0

606

/07

07/0

808

/09

09/1

010

/11

11/1

212

/13

13/1

414

/15F

15/1

6F5

yr a

vg

00

0 m

t

OATINFORMATION.COM

Closer to record low than the

average

Record low

Page 6: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Canada Oat Stock-to-Use

11% 13% 16% 16%

0%5%

10%15%20%25%30%35%40%45%87

/88

88/8

989

/90

90/9

191

/92

92/9

393

/94

94/9

595

/96

96/9

797

/98

98/9

999

/00

00/0

101

/02

02/0

303

/04

04/0

505

/06

06/0

707

/08

08/0

909

/10

10/1

111

/12

12/1

313

/14

14/1

5F15

/16F

OATINFORMATION.COM

Avg 23%

Page 7: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Canadian Oat Exports to US

1,314

1,249

405 384

-

500

1,000

1,500

2,000

2,50000

/01

01/0

2

02/0

3

03/0

4

04/0

5

05/0

6

06/0

7

07/0

8

08/0

9

09/1

0

10/1

1

11/1

2

12/1

3

13/1

4

14/1

5F

15/1

6F

5 yr

avg

Crop Year (Aug-Jul)

000

mt

Horse demandMill demand

OATINFORMATION.COM

6 yr high

Page 8: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Canada Oat Product Exports

335 355

375

150

200

250

300

350

400

02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 14/15F15/16F 5 yravg

000

mt

OATINFORMATION.COM

Record highs

Page 9: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Canada On-Farm Feed Use of Oats

350550750950

1,1501,3501,5501,7501,9502,150

96/9

7

97/9

8

98/9

9

99/0

0

00/0

1

01/0

2

02/0

3

03/0

4

04/0

5

05/0

6

06/0

7

07/0

8

08/0

9

09/1

0

10/1

1

11/1

2

12/1

3

13/1

4

14/1

5F

15/1

6F

000

mt

OATINFORMATION.COM

Record low

Page 10: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Rail Car Supply

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http://www.clipartof.com/images/purchased/438684_SMJPG_7RR963980H2584813.jpg
Page 11: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Canadian Rail Car Supply

•This is primary to oat price direction •US oat market requires a minimum of 400 cars per week •Crude will remain a competitor for grains and oilseeds • Crude by rail forecasts mixed • CPR 140,000 cars in 2015, down from 187,000 cars in 2014 • CNR 292,000 cars in 2015, up from 217,000 in 2014

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Page 12: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Canadian Exports Remains Strong

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Page 13: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Railway Performance

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Hindering oat exports

Page 14: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

OATINFORMATION.COM

75%  of  Canada’s  oat  exports from CNR

Page 15: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Oats versus Wheat

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- A Battle for Acres

Page 16: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Saskatchewan Wheat/Oat Cash Spread

99

36

$20

$30

$40

$50

$60

$70

$80

$90

$100

$110

Apr/14 May/14 Jun/14 Jul/14 Aug/14 Sep/14 Oct/14 Nov/14 Dec/14 Jan/15 Feb/15

$CPM

T

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Wheat minus oats

12 month avg $55

RR’s  focusing  on  port  shipments versus US

Page 17: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Oats Look More Profitable

Type of grower Crop New Crop price $bu

Yield Gross margin Cost per acre Net margin per acre

“Real” Oat Grower

Oats 2.75 120 330 275 55

Wheat 6.00 50 300 275 25

“Average”   Grower

Oats 2.75 81 223 275 -52

Wheat 6.00 38 228 275 -47

OATINFORMATION.COM

Page 18: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Canada Oat Plantings

2.0

2.5

3.0

3.5

4.0

4.5

5.0

5.5

6.0

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

F

Mill

ion

acre

s

SeededHarvested

OATINFORMATION.COM

Minimum 3.2 Mil Ac needed

Page 19: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Canadian Oat Seeded Area Scenario's

2014 0% 5% 10% 15% 20% 25% 30% 35%

Seeded area 2.8 2.8 2.94 3.08 3.22 3.36 3.5 3.64 3.78

Production 3.19 2.83 2.97 3.11 3.25 3.39 3.53 3.67 3.81

End stocks 0.565 0.092 0.233 0.375 0.516 0.657 0.799 0.940 1.081

OATINFORMATION.COM

Record low 0.365

Page 20: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

2015 Canada Oat Plantings

NA oat market needs 15% increase MINIMUM Each 1% increase in yield or harvested area 40,000 MT of additional oat production New crop cash values favor oats over wheat at the moment No increase in oat area likely to see sub 0.500 MMT 15/16 end stock

OATINFORMATION.COM

OUCH!

Page 21: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Oat Spreads

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Page 22: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

CBOT Oat Spreads

-$0.25-$0.20-$0.15-$0.10-$0.05$0.00$0.05$0.10$0.15

Jul/1

4

Aug/

14

Aug/

14

Aug/

14

Sep/

14

Sep/

14

Oct

/14

Oct

/14

Nov

/14

Nov

/14

Dec/

14

Dec/

14

Jan/

15

Jan/

15

Feb/

15

Feb/

15

Mar

/15

$usb

u

Mar/May15Mar/May16Jul/Dec15

OATINFORMATION.COM

Lack of carry will reduce oat trade

Page 23: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Oat Spread Outlook

•Tight carry could remain if Canadian oat end stocks near forecasts •Lack of carry will limit Scan oat imports •Mpls/Duluth oat stock gains could slow

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Page 24: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

US Horse Demand

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Page 25: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

High Price of Oats a Negative

•Limiting demand in US horse markets •Rail issues are impacting horse demand and price relationships •Oats need to separate from other ingredients by finding “nutritional  value” •Without horse  demand,  oat  become  “contracted”  crop

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Page 26: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Corn-Oat Cash Spread Toledo

$57

-$162

-$250

-$200

-$150

-$100

-$50

$0

$50

$100

$usp

mt

OATINFORMATION.COM

Oats a premium

Page 27: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Implied US Horse Demand for Oats

417

263

148

288 290 315

429 442

392

314

254

437

357 382

405 385

349

00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 14/15F 15/16F 5 yr avg

000

mt

OATINFORMATION.COM

Includes mill

demand

Page 28: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Europe Oat Situation

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Page 29: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Europe Oat Area – Top Five Countries

200

400

600

800

1,000

1,200

1,400

000

Ha

OATINFORMATION.COM

5 yr avg 828

Page 30: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

UK Oat Prices

27

16

20

4

£0£10£20£30£40£50£60£70£80

pmt

Bly-oatsWht-oats

OATINFORMATION.COM

Page 31: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Finland Oat Prices

34

50

2

13

-€ 10

€ 0

€ 10

€ 20

€ 30

€ 40

€ 50

€ 60

pmt Wheat - Oats

Feed Wheat - OatsBarley - Oats

OATINFORMATION.COM

Page 32: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

-

1,000

2,000

3,000

4,000

5,000

6,000

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015F

000

mt

Europe Oat Production- Major Countries

OATINFORMATION.COM

5 yr avg 3,384

Yield has large impact

Page 33: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Europe Oat Supply/Demand

OATINFORMATION.COM

4.0

4.5

5.0

5.5

6.0

6.5

7.0

7.5

0.9

1.0

1.0

1.1

1.1

1.2

1.2

05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16F

Feed

dem

and-

MM

T

Mill

ing –

MM

T

Milling

Feed

Page 34: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Europe Oat Supply/Demand

OATINFORMATION.COM

0.0

0.1

0.1

0.2

0.2

0.3

0.3

0.4

05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16F

MM

T Exports

Page 35: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

EU Oat Prices-Major Countries

€ 100

€ 120

€ 140

€ 160

€ 180

€ 200

€ 220

€ 240

€ 260

Oct

/11

Dec/

11

Feb/

12

Apr/

12

Jun/

12

Aug/

12

Oct

/12

Dec/

12

Feb/

13Ap

r/13

Jun/

13

Aug/

13

Oct

/13

Dec/

13

Feb/

14Ap

r/14

Jun/

14

Aug/

14

Oct

/14

Dec/

14

Feb/

15

PMT

FinlandGermanUK

OATINFORMATION.COM

Page 36: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Oat Metrics

OATINFORMATION.COM

Page 37: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Cereal Sales Struggling

OATINFORMATION.COM

US Ready-to-Eat down 4% in 2014

NA hot cereal up 1.5% in 2014

NA Granola/muesli bars down 1.8% in 2014

Page 38: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

What’s  Driving  Breakfast  Cereal  Markets •Shifting dynamics

•Health and Wellness •Convenience

OATINFORMATION.COM

Page 39: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Oat Cereals Ranked Well

The 10 biggest-selling brands of breakfast cereal 1. Honey Nut Cheerios 2. Frosted Flakes 3. Honey Bunches of Oats 4. Cheerios 5. Cinnamon Toast Crunch 6. Frosted Mini Wheats 7. Lucky Charms 8. Froot Loops 9. Raisin Bran 10. Rice Krispies

OATINFORMATION.COM

Source: Bakery and Snacks.com

Page 40: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

CBOT Oat Futures – Continuous Weekly

$1.00

$1.50

$2.00

$2.50

$3.00

$3.50

$4.00

$4.50

$5.00Da

te07

/07/

2000

03/1

1/20

0002

/03/

2001

29/0

6/20

0126

/10/

2001

22/0

2/20

0221

/06/

2002

18/1

0/20

0214

/02/

2003

13/0

6/20

0310

/10/

2003

06/0

2/20

0404

/06/

2004

01/1

0/20

0428

/01/

2005

27/0

5/20

0523

/09/

2005

20/0

1/20

0619

/05/

2006

15/0

9/20

0612

/01/

2007

11/0

5/20

0707

/09/

2007

04/0

1/20

0802

/05/

2008

29/0

8/20

0826

/12/

2008

24/0

4/20

0921

/08/

2009

18/1

2/20

0916

/04/

2010

13/0

8/20

1010

/12/

2010

08/0

4/20

1105

/08/

2011

02/1

2/20

1130

/03/

2012

27/0

7/20

1223

/11/

2012

22/0

3/20

1319

/07/

2013

15/1

1/20

1314

/03/

2014

11/0

7/20

1407

/11/

2014

06/0

3/20

15

$usb

u

OATINFORMATION.COM

$3.50

$2.50

Page 41: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Minneapolis Milling Oat Basis Bids

0.00

0.20

0.40

0.60

0.80

1.00

1.20

$usb

u

OATINFORMATION.COM

Rising Cdn oat exports & US oat stocks

Rail Car Shortages

$.65

$.30 Avg $.23

Page 42: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

Mpls/Duluth Oat Stocks

30,925

3,481

14,945

05,000

10,00015,00020,00025,00030,00035,00040,00045,000

000

bush

els

OATINFORMATION.COM

20-month high

Page 43: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

OATINFORMATION.COM

Falling oat currencies making US oat imports cheaper

Page 44: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

World Grain End Stocks

050,000

100,000150,000200,000250,000300,000350,000400,000450,000500,000

000

mt

OATINFORMATION.COM

5 yr avg

Will limit cereal price gains

Page 45: Oat Outlook · CBOT Oat Futures – Continuous Weekly $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Date 07/07/2000 03/11/2000 02/03/2001 29/06/2001 26/10/2001 22/02/2002

The Source for Oat Information

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FY20 Beverage Nutritional & Allergen Information - UK only€¦ · Caffe Latte - Oat Oat drink [water, OAT, inulin, coconut fat, OAT protein, sea salt, stabiliser: xanthan gum, acidity

FY20 Beverage Nutritional & Allergen Information - UK only€¦ · Caffe Latte - Oat Oat drink [water, OAT, inulin, coconut fat, OAT protein, sea salt, stabiliser: xanthan gum, acidity

CBOT U.S. Treasury Futures and Options

CBOT U.S. Treasury Futures and Options

French government debt news · oat 7,5% 04-2005 oati 3% 07-2009 oat 5,25% 04-2008 oat tec 10 01-2009 oat 4% 10-2009 oat 5% 10-2016 oat 8,5% 04-2023 oat 5,5% 04-2029 oat 4% 10-2009

French government debt news · oat 7,5% 04-2005 oati 3% 07-2009 oat 5,25% 04-2008 oat tec 10 01-2009 oat 4% 10-2009 oat 5% 10-2016 oat 8,5% 04-2023 oat 5,5% 04-2029 oat 4% 10-2009

Guia Basica Para Operar Cbot

Guia Basica Para Operar Cbot

cBot User Guide - FANTOMfantom.gsc.riken.jp/5/sstar/images/8/89/CBot_UserGuide_15006165_… · cBot features include an on-instrument touch screen monitor and barcode scanner. The

cBot User Guide - FANTOMfantom.gsc.riken.jp/5/sstar/images/8/89/CBot_UserGuide_15006165_… · cBot features include an on-instrument touch screen monitor and barcode scanner. The

CBOT Agricultural and Metals Complex - Dorman Trading

CBOT Agricultural and Metals Complex - Dorman Trading

OAT Toolkit for Social Studies Using OAT Grade 5 Score Reports.

OAT Toolkit for Social Studies Using OAT Grade 5 Score Reports.

cBot Userguide

cBot Userguide

Earth Science 8th Grade OAT Review 8th Grade OAT Review.

Earth Science 8th Grade OAT Review 8th Grade OAT Review.

cbot precious metals

cbot precious metals

Futures, Options & Obligations · Discussion of Terms • CBOT Wheat Futures 12-1-10, $7.42 •CBOT Put Strike Prices and Premiums, 12-1-2010 Obligations With Options • Depends

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PRODUCTION OF OAT BOZA POWDER ENRICHED WITH ......Oat boza samples were prepared according to Hayta et al. (2001) with minor modification. As mentioned previously, oat was used as

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Commodity Crop Calendar( agricultural CBOT CME mrci corn wheat)cropcal.pdf

Commodity Crop Calendar( agricultural CBOT CME mrci corn wheat)cropcal.pdf

CBOT Interest Rate Swap Futures - Dorman Trading

CBOT Interest Rate Swap Futures - Dorman Trading

[CBOT] CBOT Electricity Futures and Options Reference and Applications Guide

[CBOT] CBOT Electricity Futures and Options Reference and Applications Guide

OAT BETA-GLUCAN OAT J3-GLUCAN Beta-Glucan.… · Appendix 1: Product Information for Oat Beta-glucan Products ... • Switzerland -Spenser Pro Mass Gainer with 1 gram of oat 13-glucan

OAT BETA-GLUCAN OAT J3-GLUCAN Beta-Glucan.… · Appendix 1: Product Information for Oat Beta-glucan Products ... • Switzerland -Spenser Pro Mass Gainer with 1 gram of oat 13-glucan

CBOT building construction photos

CBOT building construction photos

CBOT Market Profile Keys

CBOT Market Profile Keys

CBOT U.S. Treasury Futures and Options · PDF fileChapter 1: THE NEED FOR CBOT ... 19 Flexible Options on ... CBOT Treasury futures and options play an

CBOT U.S. Treasury Futures and Options · PDF fileChapter 1: THE NEED FOR CBOT ... 19 Flexible Options on ... CBOT Treasury futures and options play an

OAT Certified Oat Variety Descriptions OAT DATA FOR 2018 PLANTING RON — Ron is a mid-late season variety released by

OAT Certified Oat Variety Descriptions OAT DATA FOR 2018 PLANTING RON — Ron is a mid-late season variety released by