Loading…
Analyst O.A. Cleveland described the US cotton market as stale, trading in a narrow 64.70-66.70 cent range ahead of the October USDA report.
Chinese export sales are developing but are smaller than the commitment of traders data suggested.
Cotton has little direct feed relevance, and a range-bound market with no new supply or demand shock leaves cottonseed meal values largely unchanged.
cottongrower.comDr. O.A. ClevelandSep 28, 2020Not 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.
