The CME Oats future trades at $337 per bushel, after ending yesterday at $338.
The Oats future is currently trading at $337 following the release of Services PMI data from the United States.
The CME Oats future's state is reflected by market data as United States Services PMI released today at 13:45 UTC with a figure of 53.7, while the previous figure was 52.6. United States Existing Home Sales (Mar) came out at 4.44 million, while a consensus of analysts was expecting 4.5 million. United States Philadelphia Fed Manufacturing Index (Apr) came out at -31.3, while a consensus of analysts was expecting -19.2.
Oats's upper Bollinger Band® is at $365.35 and the lower is $320.25.
Despite muted price action in the CME Oats future, chart analysis indicates it is positioned for a bullish run in the short term.
Meanwhile, mixed performances are seen in other Grains as Corn slips 1.84% to trade around $614.5. Having closed the previous session at $16.89, Rough Rice is up 1.04% today to currently trade at around $17.06. Soybeans draws back 1.31% to trade around $1,449.25.
CME Oats is trading 53.36% lower compared to the $724 high it reached over the past year.