The continuous active chart shows this week's move breaching the 50% retracement of the move from the June 2020 high to the August low, calculated at $3.01/bu. This opens the door to a continued move to $3.12 1/2/bu, or the 61.8% retracement of the same downtrend.
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DTN 360 Poll
This week's poll asks which crop you think has the most bullish potential in the 2020-21 crop year? You can weigh in with your ideas on this poll located on the lower-right side of your DTN Canada Home Page.
Cliff Jamieson can be reached at cliff.jamieson@dtn.com
Follow him on Twitter @Cliff Jamieson
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October 21, 2020 at 03:43PM
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Oat Futures Also Climbing - DTN The Progressive Farmer
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