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Chinese ginneries have bought seed cotton at a subdued pace, and the purchase price has fallen as new cottonseed supply rises. Xinjiang cottonseed prices dropped from about 2,500 to around 2,150 yuan per tonne, while new cotton linter arrives at stable prices.
Heavier new-crop cottonseed supply and lower seed prices weigh on cottonseed meal values in China and reduce feed input costs.
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.