Is it the end of the Oats future's rally? After six days of gains, it is down by 1% today

Oats is down to $345.5 per bushel, after ending yesterday at $349. Overall, a 1% loss or $3.5 today.

The Oats future is currently trading at $345.5 following the release of Producer Price Index data from the United States.

Though the Oats future has been dropping, other Grains have been performing better: Corn rises 0.52% to trade around $624. Rough Rice gained 0.26% and is currently trading at $17.2.

Moreover, United States Initial Jobless Claims is projected to outperform its last figure with 205,000, having previously been at 211,000. The figure will be published tomorrow at 12:30 UTC.

Furthermore, United States Philadelphia Fed Manufacturing Index (Mar) is scheduled for tomorrow at 12:30 UTC. United States Building Permits (Feb) will be released tomorrow at 12:30 UTC.

The commodity has been trending lower for about a month. Having set a significant low of $326 9 days ago, the Oats future is trading 7.06% higher.