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ADM's September 29 global ag wrap reports StoneX forecasting Brazil's 2025/26 cotton output down 7% to 3.72 million tonnes on lower planted area. Overnight futures showed soybeans down 3.75 cents, soymeal up $2.20, and soyoil down 0.47 cents.
Smaller Brazilian cotton output could modestly tighten cottonseed meal supply later, while the daily soy complex moves are routine.
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.