Loading…
Cotton closed slightly higher in sideways trading with US export demand improving, while Chinese demand remains soft. Concerns persist that El Niño could hurt Australian and Indian cotton output starting this fall.
Weak Chinese demand and El Niño production risks give mixed signals for cottonseed by-product supply and feed meal values, with no clear single driver for prices.
blog.pricegroup.comJack ScovilleJan 9, 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.
