Not everyone is going to understand that Oats are a really inefficient market and that's okay. The cattle herds are huge, and they're going to be eating Oats. Oats are the superior feed, and cattle ranchers are pretty rich right now from years of high prices, and will probably want to go for the premium/superior form of feed from a cattle health perspective, which is Oats.
I'm buying anywhere between here and 560 on the spread, and I basically expect a bullish engulfing of that candle in the next week or following week to back above 600 or so. Ultimately targeting just range recovery play, which is common in illiquid inefficient markets.