The Oats future trades at $395 per bushel, after ending yesterday at $395.25.
United States Producer Price Index is next today at 13:30 UTC.
Uncertainty around CME Oats is reflected by published market data as United States CFTC Gold speculative net positions released yesterday at 19:30 UTC with a figure of 82,300, while the previous figure was 64599.99999999999. Fresh CFTC Nasdaq 100 speculative net positions data from United States came out at -2,400. United States CFTC S&P 500 speculative net positions came out at -177,100.
Trend-focused traders would be interested to note that investors are seeking long positions as Oats price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. According to asset volatility analysis, the CME Oats future's upper Bollinger Band® is at $405.74, suggesting that a downward move may follow.
Overall, the technical outlook suggests Oats is likely to remain muted for the immediate future, with no clear-cut direction.
Meanwhile, mixed performances are seen in other Grains as Rough Rice decreases 0.53% to trade around $17.86. After ending yesterday's session at $659.25, Corn lost $4.25 and is trading around $655.
Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Core Retail Sales is projected to outperform its last figure with 0.4%, having previously been at 0.1%. The figure will be published tomorrow at 13:30 UTC. Tomorrow at 15:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to 1.36 million from the preceding figure of 3.92 million. United States Producer Price Index is expected today at 13:30 UTC.
Having set a significant high of $783.5 20 days ago, the CME Oats future is trading 10.87% lower.