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Oats market offers selling opportunities, trader says

Agriculture.com Staff 07/25/2008 @ 11:41am

CHICAGO, Illinois (Agriculture Online)--Because the market is having an extraordinary year like most feedgrains, farmers with cash oats are urged to reward the market.

Jay Homan, a independent CBOT oats trader, says normally oats are a $1.50 per bushel crop. On Friday, the CBOT Dec '08 futures contract traded at $4.07 ½.

At this time last year, CBOT oats traded around $2.56 per bushel. Homan says the corn market could determine the near-term oats price.

CHICAGO, Illinois (Agriculture Online)--Because the market is having an extraordinary year like most feedgrains, farmers with cash oats are urged to reward the market.

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