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Cotton oil and cotton meal price differences versus soybean oil and soybean meal have narrowed sharply, with cottonseed oil at only about 200 yuan/ton above first-grade soybean oil versus a five-year average near 960 yuan/ton. Cotton meal has risen recently while the gap with soybean meal has shrunk to 100-300 yuan/ton.
Narrow cotton-to-soy by-product spreads reduce the incentive for downstream buyers to choose cotton meal and oil over soy, which can limit demand and cap cotton meal gains in feed markets.
tradetextile.comclsrichJan 19, 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.
