Oats Futures Drift Lower – Technical Pressure Continues Across Contracts
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CBOT oats futures weakened on Thursday, continuing a multi-session decline. Thin volumes and a lack of fresh fundamental support weighed on prices, with July contracts testing new short-term lows.
📈 Price Overview (CBOT)
🔍 Key Market Factors
- 📉 No major demand catalyst – oats remain on the sidelines compared to corn and wheat
- 📊 Weak technical chart setup – contracts facing pressure from moving average resistance
- 🌱 Crop Progress Not Yet Critical:
- U.S. oat planting in northern states is on track
- The weather is not yet a major factor
- 💤 Low volume, low volatility – indicative of limited speculative interest
🌍 Oats Market Snapshot
💡 Trading Recommendations
- 🔻 Avoid long positions near-term unless a clear technical reversal appears
- 🔍 Watch for signs of demand from Canada or domestic food processors
- 📈 Entry opportunity only if Jul ’25 closes above 360 ct with volume
🔮 3-Day Forecast (May 24–27)