OATS Analysis: Higher demand for Canadian exports bullish for oats

August 27, 2020

By IFCMarkets.com

Higher demand for Canadian exports bullish for oats

Canada’s oats exports are higher in the new crop year indicating higher demand for the cereal considered a healthy grain. Oats export from Canada in the first two weeks of August 2020 were recorded at 58.2 thousand tons -more than triple the volume of exports for the same period last year, according to Government of Alberta, Canada Weekly Market Review. The review also projected a 5.1% increase for exports by year end. Canada is the top world exporter of oats – Canadian oats exports accounted for 52% ($379 million) of the world exports in 2018. Higher demand as evidenced by higher exports is bullish for oats price.

Indicator VALUE Signal
RSI Neutral
MACD Buy
Donchian Channel Neutral
MA(200) Sell
Fractals Buy
Parabolic SAR Buy

 

Summary of technical analysis

Order Buy
Buy stop Above 217.7
Stop loss Below 256.1

 

Market Analysis provided by IFCMarkets.com


Free Reports:

Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.





Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter





InvestMacro

Share
Published by
InvestMacro

Recent Posts

WTI oil prices exceeded 107 dollars per barrel. Inflation expectations continue to rise.

By JustMarkets  On Wednesday, the U.S. stock market declined. By the end of the day,…

11 hours ago

You probably wouldn’t notice if an AI chatbot slipped ads into its responses

By Brian Jay Tang, University of Michigan and Kang G. Shin, University of Michigan  Hundreds…

1 day ago

RoboForex Expands CFD Offering with Cryptocurrency Instruments

Belize City, Belize, April 29, 2026 – Financial broker RoboForex has expanded its CFD offering with…

1 day ago

How personal finance advice is getting political, thanks to ‘finfluencers’

By Maximilian Brichta, University of Virginia  Once seen as often dry and sometimes intimidating, personal…

1 day ago

WTI oil prices have consolidated at 100 dollars per barrel. Australia is experiencing a sharp inflation spike

By JustMarkets  On Tuesday, the US stock market declined. By the end of the day,…

1 day ago

EUR/USD Holds Steady Ahead of Fed Meeting, Focus on Middle East Outlook

By Analytical Department RoboForex EUR/USD is slightly lower on Wednesday, trading with minimal movement around…

1 day ago

This website uses cookies.