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Cottonseed sales have slowed and cottonseed prices keep falling, with Shandong and Xinjiang offers down about 200-300 yuan/mt since early June. Cottonseed oil and meal prices have weakened alongside soybean meal and soybean oil, and cotton linter prices have also declined to about 5,500 yuan/mt outside Xinjiang.
Lower cottonseed meal and oil prices reduce the value of cottonseed as a feed ingredient and weigh on cottonseed meal prices for feed buyers, with the bearish soy complex adding pressure.
chinatexnet.comJul 29, 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.
