German Feed Oats Hold Near €0.20/kg Amid Firm EU Benchmarks

German feed oat prices are holding steady just above EUR 0.20/kg EXW, with only modest upside despite firmer EU benchmarks and ongoing Black Sea risks. Nearby CBOT oats are slightly higher, but thin liquidity and comfortable local supply are keeping the German cash market in a narrow range. In northern Germany, physical feed oats continue to trade close to long‑standing ranges, with recent deals around EUR 0.205/kg EXW Drentwede suggesting a mildly firmer but still range‑bound market. EU reference prices show September 2026 feed oats near EUR 173/t in Munich (about EUR 0.17/kg), while national German averages are up a few percent month-on-month, confirming the gentle upward bias without signaling a breakout. Weather in Lower Saxony is seasonally mild with scattered showers, supporting good post-harvest grain quality and limiting weather‑driven volatility in the very short term.

Prices

German feed oats EXW Drentwede are currently trading around EUR 0.205/kg, unchanged over the last trading sessions and modestly above levels that prevailed through mid‑August. Recent EU cash market commentary confirms these indications, describing German and Ukrainian feed oat prices as firm but still within recent ranges around EUR 0.20/kg.

EU‑27 cereal price data place September 2026 German feed oats at roughly EUR 130–135/t on a national average basis, implying regional spot values around EUR 0.13–0.14/kg and highlighting that northern German physical bids around EUR 0.20/kg include quality and logistical premia.

Supply & Demand

EU data show that oats remain comparatively profitable versus other spring grains, supporting a still‑solid planted area in 2026/27, even if slightly below the previous season. This underpins comfortable medium‑term supply in Europe and helps cap any sharp price spikes in Germany.

Black Sea disruptions continue to cloud the broader grain outlook, with Ukraine reported to have lost roughly one‑third of its seaborne grain export capacity due to repeated attacks on port infrastructure. While oats are a minor share of this flow, the logistical squeeze supports a firmer floor under EU feed grains in general, indirectly lending support to German oat values.

Fundamentals & Weather

Across Europe, feed oat demand is described as modest but improving, tracking gradual recovery in livestock margins and some substitution away from higher‑priced components in rations. CBOT oat futures have edged higher in recent sessions, with nearby contracts up around 1% on very light volume, adding a mild bullish undertone but not yet triggering aggressive buying in Germany.

For Lower Saxony, including the Drentwede area, the short‑term weather outlook points to maximum daytime temperatures around 16–18°C through 19 September, with intermittent light rain after a brief warmer spell earlier in the week. These conditions are neutral‑to‑supportive for grain storage and logistics, with no significant harvest or quality risks expected that could abruptly tighten local feed oat availability.

3–7 Day Market & Trading Outlook

• Price direction (Germany, EXW feed oats): Sideways to slightly firm; recent strength in EU benchmarks and continuing Black Sea uncertainty argue for a mild upward bias, but ample EU supplies limit upside.
• Key support: Around EUR 0.195–0.200/kg, where buyers have consistently stepped in since late August.
• Near‑term resistance: EUR 0.210–0.215/kg; a sustained break would likely require a fresh external shock (e.g. renewed grain corridor disruptions or stronger feed grain rally).

Trading Recommendations

• Feed buyers (Germany): Consider extending coverage modestly into Q4 2026 while EXW values hover near EUR 0.20/kg; scale in on any dips toward the EUR 0.195/kg area rather than chasing rallies.
• Producers: Use current firmness above EUR 0.20/kg to make incremental sales, but keep a portion unpriced in case broader feed grain strength or further Black Sea disruptions lift values later in the season.
• Traders: Monitor spreads between German physical prices and EU benchmarks; current premia look historically elevated, offering opportunities for origin arbitrage if logistics and quality allow.

3‑Day Regional Price Indication (Germany, DE)

• Day 1 (16 September 2026): EUR 0.203–0.207/kg EXW northern Germany, stable.
• Day 2 (17 September 2026): EUR 0.203–0.208/kg, slight upward bias if feed grain complex stays firm.
• Day 3 (18 September 2026): EUR 0.203–0.209/kg, overall sideways with a tight range; weather and logistics neutral.