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An outlook piece says U.S. cotton production is unusually uncertain in 2023. Early planting forecasts differ by about two million acres, and the weather path from La Niña to a possible El Niño adds risk, along with doubts about cotton demand.
It describes a downside scenario in which ending stocks fall below 3 million bales.
Cotton is not on the feed symbol list, so the direct feed impact is limited. Cottonseed meal could be affected if acreage and abandonment fall, but the article is a general outlook rather than a new shock.
southernagtoday.orgJohn RobinsonFeb 13, 2023After 2,467 past weather events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +1.7%), and +0.6% over 20.
After 1,964 past weather events, Soybeans moved a median +0.1% over 5 sessions (51% higher; middle half -1.7% to +1.8%), and +0.3% over 20.
After 1,773 past weather events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +2.1%), and +0.2% over 20.
After 361 past weather events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +1.3%), and -0.2% over 20.
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.
