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China's cotton linter prices rose further after the Spring Festival and have again moved above 5,000 yuan, a relatively high level versus a year earlier. Weak meal and cottonseed oil margins have cut cottonseed oil mill run rates, reducing cottonseed purchases and leaving delinters short of seed.
Reduced crushing and tight delinter supply support linter prices, while weak soymeal and cottonseed meal markets keep feed-meal values under pressure for buyers.
chinatexnet.comMar 5, 2024Not 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.
