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Pricegroup's April 12 softs report says cotton fell after USDA reports, with weak export sales and trends still pointing down. USDA left US domestic balance sheets unchanged but trimmed world ending stocks slightly, and US planted area is projected at 10.23 million acres.
Weak cotton demand and lower prices reduce the pressure on cottonseed meal supply economics. The report signals limited support for cotton-based feed products.
blog.pricegroup.comJack ScovilleApr 12, 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.
