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The National Cotton Council projects cotton prices to stay relatively strong in 2021, citing faster-than-expected demand recovery and US mills buying more domestic cotton. It notes US stocks will start the crop year lower, while Brazil and India hold larger stocks.
Tighter US cotton stocks support cotton prices, though competition from larger Brazilian and Indian supplies limits the upside. Cottonseed meal effects are minimal.
brownfieldagnews.comMeghan GrebnerFeb 17, 2021Not 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.
