
Cottonseed is leaving feedlot rations in northern Australia as feedlots switch to canola meal due to cost and contract difficulties. Delivered cottonseed has risen to $580-$600/t while canola meal sits at $525/t.
Cereal and barley prices are steady to firmer, with southern barley being accumulated.
Demand shifting from cottonseed to canola meal pressures cottonseed meal prices and supports canola meal. The price gap also limits how far cottonseed can rise.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.