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A Whole Cottonseed Advisory Council release says USDA's December outlook shows 18.3 million bales of cotton, up 25%. Whole cottonseed supply is projected to be about 1 million tons higher than last year, with the gain concentrated in Texas.
Dairy and beef producers are expected to have more cottonseed for their feeding programs.
Higher cottonseed availability tends to reduce the cost of cottonseed-based feed and weighs on cottonseed meal. The release is promotional in tone, but the supply figures come from USDA data.
tscra.orgKristin HawkinsFeb 3, 2022
wholecottonseed.comdevadminFeb 3, 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.
