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Oat Futures Reach New Heights

Oat futures jumped to their highest level since 2008 last week, hitting $4.6725 a bushel. This is the first time it’s traded at a premium against corn since 2002. The rise in oat prices, which have climbed 35% since early January, is due to the ongoing logistical struggles facing the north-south grain transportation.

Emerging Ag has been working with the Prairie Oat Growers Association to get attention on the unique challenges facing movement south to the US. A record grain crop in Canada, has been taxing the capacity of the handling and rail systems. Estimated shipping demand is as much as 50% higher and much of the focus has been on movement to West Coast ports in this high-pressure situation. The impact on oat shipments to the US (approximately 95% of the shipments) has been serious and is affecting prices. Agriculture Minister Ritz has been working with industry leaders to address the problem, and made this announcement last week. POGA is also working with millers, handlers and the railways to look at long-term solutions.

Robynne Anderson

Robynne has extensive experience in the agriculture and food sector, working throughout the value chain – from basic inputs to farmers in the field to the grocery store shelf. She works internationally in the sector, including speaking at the United Nations on agriculture and food issues, and representing the International Agri-Food Network at the UN.Throughout her career she has worked with farm organisations like the Prairie Oat Growers Association, the National Smallholder Farmers Association of Malawi and the Himalayan Farmers Association, as well as global groups, to further the voice of agriculture in the food debate. She has also worked with Fortune 500 companies growing worldwide businesses to assist them with issues management and strategy decisions.

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