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The Cotton Board recommended a 2021 budget of $80 million for Cotton Incorporated, down over $8 million from 2020. Priorities include sustainability, product innovation and cottonseed value, with the consumer marketing budget cut most.
Lower promotion funding for cotton has limited direct effect on feed markets. Cottonseed value is a stated priority, but the budget change is unlikely to move cottonseed meal prices.
allagnews.comTony St. JamesAug 27, 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.
