What it is
A cereal eaten as porridge, breakfast cereals and oat drinks, and fed to horses and other livestock. Its futures market is small beside those of maize and wheat, and prices can move sharply on little trading.
How it is usually quoted
US cents per bushel.
This is the customary unit of the reference market. Other markets for the same commodity may use another unit or currency, and an exchange can change a contract’s terms: its own rulebook is the authority.
Where the reference contract trades
CME (Chicago Board of Trade).
Named for orientation only. Naming an exchange or a market here does not mean that GIO4X gives access to it.
What commonly moves it
- Weather on the Canadian Prairies
- How much land farmers give to oats instead of canola or wheat
- Demand from food manufacturers
- The thinness of the market itself
These are the things people who follow this market usually watch. They explain how the market works; they do not say what the price will do next.
Where it comes from
Canada is the leading exporter. Russia, the European Union (Poland, Finland and Spain) and Australia are also large growers.
The order of producers changes from year to year, so no quantities or shares are given here.
At GIO4X
Oats is not offered as a GIO4X instrument. This page is general education about a market that exists elsewhere, and nothing on it means that GIO4X quotes, trades or gives access to it.
The commodities GIO4X does list are Brent crude, gold, natural gas, palladium, platinum, silver and WTI crude.
Words worth knowing
A reference page. Educational information, not investment advice or a recommendation to trade. It gives no price and no forecast.