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Cotton linter prices in China have weakened since mid-June, falling nearly 800 yuan/mt with a sharp decline since mid-July. Cottonseed prices have fallen about 700 yuan/mt since early June as oil mills increase shutdowns and suspend cottonseed procurement.
Lower soybean meal and soybean oil prices, driven by ample US supply and heavy Chinese port arrivals, have pulled cottonseed products lower, creating an oversupply that is bearish for cottonseed meal and linter values.
chinatexnet.comAug 26, 2024Not enough comparable past events yet for a historical read.
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.
