Wednesday, July 21, 2021

Watch Out Oatly: "Oat Prices Hit Seven Year High" (OTLY)

 A quick hit from Trading Economics, July 21:

Oat prices surged above $4.5 a bushel in July, their highest level since April 2014, after the USDA cut US oat production outlook to lowest on record due to drought conditions. US harvest is estimated at 41.3 million bushels in 2021, the smallest since at least 1866, as hot and dry weather take a toll on food production....


The stock came public at $17 in late May and ran to $29.00 on oat milk enthusiasm. $19.89 last up $0.44 (2.26%)

If interested see also CNBC July 15: 

Oatly short seller says stock worth less than $10 after accusing company of overstating revenue