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December 2024 cotton futures fell about 11% from early April to mid-May, to lows near 74-75 cents, before recovering to 78-79 cents. The University of Georgia economist says the decline was driven largely by speculative selling and profit-taking, with some demand concerns.
Weak cotton prices and reduced planting incentives can lower cottonseed output, a small supporting factor for cottonseed meal prices over time.
nwdistrict.ifas.ufl.eduexternalMay 24, 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.
