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Cotton futures closed slightly lower in the week to September 27 as stressful weather continued in southern US growing areas. Demand has been weaker this year, with concerns about Bangladesh and China, while traders hope for improved demand at lower prices.
Cotton's price weakness and weak demand point to continued pressure on cottonseed availability and value. Cottonseed meal prices could follow cotton's direction.
blog.pricegroup.comJack ScovilleSep 30, 2024Not 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.
