Oats Hit Record High With Canadian Prairies Staying Dry

Breakfast is getting more expensive with prices for the staple grain oats jumping to an all-time high on Monday amid persistent dry weather in the Canadian Prairies.

Oat futures in Chicago jumped 1.6% to a record $8.075 a bushel. Drought last year shrank the oats crop to a decade-low in Canada, the top supplier to the U.S. A late-winter storm this week will miss western portions of the prairies while snowfall in the Great Plains in the U.S. delays spring sowing of crops including wheat.