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The National Cotton Council CEO says cotton demand has been weak and its recovery timing is unclear, with consumer apparel spending under pressure. He expects US production could rebound to 15-16 million bales if Texas Panhandle rains continue.
Weak cotton demand and possible US output recovery are bearish for cottonseed meal values over time. The impact on feed prices is modest in the near term.
brownfieldagnews.comCarah HartApr 5, 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.
