|Old timers say that oats always leads the way, either down or up.
8/8/2021 Oats Stock To Use Ratio
7/13/2021 U.S. Oat production is the the lowest in 155
1 Bushel of Oats can make over 600 servings or 43 boxes
of cheerios (Farmfood360.ca)
As of 2021 the cost of 1 box of cheerios is about $3.49
Take a lower $3 x 43 = $129
Taking a high $10 per bushel of oats the oat input cost would be around 8%
7/13/2021 Bloomberg: With the U.S. growing fewer oats, buyers are heavily dependent on imports, mostly from Canada. But that country is also suffering from dryness. Canada’s oat harvest this year could total about 268.7 million bushels, down nearly 15% from a year ago.
2/7/11 Canada estimates oat stocks at 2.1 million tons as of Dec. 31, down 31% YoY.
6/30/10 The USDA estimated the 2010 planted area for:
Oats 3.176 million (the lowest on record)
6/14/10 Wet weather could slash oat production in Western Canada, the second-biggest oat-growing region in the world, by more than 700,000 tonnes. That kind of drop represents 22% of the Canadian Agriculture Department's May 5 production estimate of 3.2 million tonnes.