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Northern Australia is expanding commercial cotton production, with new gins proposed and Katherine identified as a possible site. Locally grown cottonseed would supply northern cattle producers.
A local cottonseed supply could modestly reduce northern Australian feedlot reliance on imported cottonseed meal and other feed ingredients over time. The effect on global prices is negligible at this stage.
graincentral.comJames NasonAug 18, 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.
