ZCE cotton futures and spot prices in China have fallen since December, with cotton 3218 down over 1,500 yuan/mt from late September. Cottonseed and cotton linter prices have held up better, supported by limited cottonseed stocks as Xinjiang ginning ended.
Cotton linter and cottonseed are by-products that feed into the oilseed and meal chain, so their firmness keeps cottonseed meal supply tight while cotton weakness weighs on the textile-side outlook. For feed buyers the effect is modest and mostly limited to cottonseed meal pricing in China.
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.