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An analyst argues cotton prices are too high to sustain demand, with mills reporting unprofitable spinning. The commentary also describes expiring May futures positions and support for the July contract.
Weak mill demand suggests cotton prices may fall back, which would reduce the cottonseed value supporting cottonseed meal prices.
cottongrower.comDr. O.A. ClevelandApr 11, 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.
