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A cotton market commentary says U.S. crop size has room to adjust, with an unexpected downsizing possibly triggering a weather rally toward 90 cents. A surprisingly large crop could push prices below 80 cents.
Cotton is not a core feed ingredient, but cottonseed meal supply tied to U.S. cotton output could shift with crop size changes.
farmprogress.comJohn RobinsonJul 14, 2023Not 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.
