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Cottonseed oil prices are rising to multi-year highs, with November averaging 46 cents per pound and December trading near 49 cents in the first half. A smaller West Texas cotton harvest and dairy buyers bidding up whole seed have left crushers short of oil, while strong global vegetable oil prices add support.
Tighter cottonseed oil supply and a firm global vegetable oil complex point to higher oil prices and firmer prices for related fats, which raises feed fat costs for buyers.
thejacobsen.comBob LaneDec 16, 2020Not enough comparable past events yet for a historical read.
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.
