# Skyrocketing cottonseed prices head towards drought levels - Grain Central

> Cottonseed prices are approaching levels seen in the 2019 drought as dry weather sets in and exports rise. Some producers are paying more than A$600/t and struggling to source supply. Forecasts of a hot, dry summer and a possible El Niño are driving hedging purchases.

- Date: 2023-08-08 · published 2023-08-08T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/34710-skyrocketing-cottonseed-prices-head-towards-drought-levels-grain-central
- Commodities: [Cottonseed Meal](https://feedsoft.ai/c/CSM.md)

## Why it matters

Drought-driven hedging and tight supply point to higher cottonseed feed costs for Australian buyers. Prices could fall quickly if rain improves conditions.

## Read by commodity

- CSM: bullish ▲

## Sources

- beefcentral.com: https://www.beefcentral.com/production/cottonseed-prices-heading-towards-2019-drought-levels/
- graincentral.com: https://www.graincentral.com/markets/skyrocketing-cottonseed-heads-towards-2019-drought-prices/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.