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TheFencePost reports that USDA's December outlook projects cotton production at 18.3 million bales, up 25% from 2020. Whole cottonseed supply is estimated to be about 1 million tons higher than last year, mainly from Texas.
Dairy and cattle producers can expect more whole cottonseed in their rations.
More cottonseed supply tends to pressure cottonseed meal prices by easing feed availability. The gain reflects a stronger 2021 harvest, not new demand.
thefencepost.comCotton IncorporatedFeb 17, 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.
