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The Cotton Incorporated industry news roundup for September 2024 announced an inaugural Cottonseed Oil Advisory Council to promote cottonseed oil in food service. It also noted that low Mississippi River levels could affect harvest-time basis.
The advisory council is a marketing initiative with little direct price effect. The river-level note signals possible barge freight pressure at harvest, which can widen grain basis.
cottonfarming.comKatie GuthrieSep 1, 2024Not 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.
