During a 5 day uptrend, Oats gained a total of $11.75, or 3.1%. Now turning against its recent performance, Oats is down to $341 per bushel, after ending yesterday at $342.5. Overall, a 0.44% loss or $1.5 today.
Crude Oil Inventories data from United States will be released today at 14:30 UTC with analysts expecting a decline to -1 million. Potentially significant price fluctuations in CME Oats are expected to follow.
Meanwhile, United States Building Permits (Mar) released yesterday at 12:30 UTC with a figure of 1.41 million, while the previous figure was 1.55 million. United States API Weekly Crude Oil Stock came out at -2.67 million, while a consensus of analysts was expecting -2.46 million. United States Housing Starts published yesterday at 12:30 UTC came out at -0.8%, falling short of the 0.4% projections and continuing its decline from the previous 7.3% figure.
Taking a look at other Grains commodities, negative performances are evident as Corn is down to $640, losing $4.5, after closing at $644.5 in the preceding trading session.
Looking ahead, ongoing depreciation may be prolonged as today at 14:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to -1 million from the preceding figure of 597,000.
Furthermore, United States Philadelphia Fed Manufacturing Index (Apr) is scheduled for tomorrow at 12:30 UTC. United States Existing Home Sales (Mar) scheduled to come out tomorrow at 14:00 UTC.
Oats is trading 53.83% lower compared to the $741.25 high it reached over the past year.