Oat Marketing: Q and A with CanOat

I e-mailed Dennis Galbraith from CanOat with some questions on marketing oats . His response again makes me think oat prices have some legs to them if seeding intentions are down again in spring.

Fieldscout - "Is contracting milling oats a option for 2007?"

Dennis - "Historically Manitoba growers have forward contracted a lot of oats prior to seeding. The past few years weather conditions and resulting price rise after harvest has lead to more growers to not forward contract. At some point a bumper harvest will mean forward contracts will pay better but when that happens is any bodies guess."

Dennis added in the e-mail that CanOat will likely have contracts out in December.