Having lost $37 over 10 days, Today is looking a bit better: the Oats future trades at $336.75 per bushel, after ending yesterday at $335.75.
United States Core Consumer Prices is next.
CME Oats's state is reflected by market data as United States API Weekly Crude Oil Stock released yesterday at 20:30 UTC with a figure of 377,000, while the previous figure was -4.35 million. United States 3-Year Note Auction released yesterday at 17:00 UTC with a figure of 3.81, while the previous figure was 4.635.
Oats's upper Bollinger Band® is at $367.49 and the lower is $320.89.
Despite muted price action in CME Oats, chart analysis indicates it is positioned for a bullish run in the short term.
Meanwhile, mixed performances are seen in other Grains as Rough Rice is up 1.11%.
Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Producer Price Index is projected to outperform its last figure with 0.1%. It previously stood at -0.1%; data will be released tomorrow at 12:30 UTC. United States Crude Oil Inventories is projected to outperform its last figure with -583,000. It previously stood at -3.74 million; data will be released today at 14:30 UTC. United States Consumer Price Index is expected today at 12:30 UTC.
Trading mostly sideways for a month. The CME Oats future reached a significant high of $762 around a year ago but has lost 55.94% since then.