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Cottonseed prices have risen steadily in China because of tight supply, low stocks and high crude oil prices that have lifted cottonseed oil to record highs. Cotton linters have weakened, with Xinjiang cotton unsold and a ban on Xinjiang cotton weighing on prices.
Strength in cottonseed and its oil supports the value of cottonseed meal, while weak linter and cotton demand adds little upside on the fiber side. Feed buyers in China should expect firm cottonseed-derived meal costs.
hngdtex.comJun 27, 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.
