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An independent third-party evaluation rated the Cotton Research and Promotion Program highly effective over 1986-2019 and 2015-2019. The study found the program raised cotton fiber demand and cottonseed prices.
The report is a program assessment with no new supply or demand shock, so it has little direct effect on feed or cottonseed meal prices.
Not 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.