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Morning softs commentary from October 24, 2022 says cotton fell as the harvest expanded and traders worried about weaker demand from recession and Chinese lockdowns. The report gives an USDA average cotton price of 79.99 cents per pound and sets chart support and resistance levels.
Cotton is not a feed commodity, and this is routine market commentary. Its only link to feed is that cottonseed meal typically moves with cotton prices.
feedlotmagazine.comSource Jack ScovilleOct 24, 2022Not 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.
