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A USDA outlook projects 2020/21 world cotton production at 116.2 million bales, down 5.5% and the smallest crop in four years. Area declines reflect lower prices after stock build-up in 2019/20, with India and China accounting for much of the drop.
A smaller projected world cotton crop reduces cottonseed supply over time, a mildly bullish factor for cottonseed meal, though the USDA outlook date is ahead of its publication.
asiantex.netdaisen 7月 20, 2020Jul 20, 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.
