Canada Markets
Cliff Jamieson Canadian Grains Analyst
Wed Aug 20, 2014 05:17 PM CDT

The attached December weekly chart indicates that the oat market seems poised to print a third consecutive higher weekly close this week, posting gains in an environment where other grains and oilseeds are under pressure while also defying the strengthening U.S. dollar.

Since the week of Feb. 24 when the December oat contract reached its recent high of $3.61 3/4/bu, the oat contract has fallen 22 cents/bu or 6.2%, while the December corn contract has fallen $1.04/bu or 22% and the December hard red spring contract has fallen 54 cents or 8%.

Underlying support in the market stems from a ...

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