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Texas AgriLife's John Robinson says US cotton planted area of 12.2 million acres sets up lower production and tight stocks. Drought in the southern Plains could push abandonment to 25-30%, and the forecast La Nina could cut yields further.
Lower cotton supplies raise the value of cottonseed, so the cottonseed meal price tends to follow cotton. Higher fertilizer costs could also lower yields.
farmprogress.comJohn RobinsonApr 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.
