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Cotton by-product prices in China are expected to face difficulty rising in the near term, with pressure from strained Sino-US trade and the pandemic's hit to agricultural consumption. Rising imported soybean arrivals have eased domestic oilseed supply and weighed on cotton by-products.
Xinjiang cottonseed prices are mostly stable with slight local gains, while cotton oil fell alongside US soybean prices.
Cottonseed meal and oil compete with soybean meal and oil in feed and oils markets, so softer soy prices and ample imports cap cotton by-product values for buyers. Buyers are advised to be cautious entering the market.
jecibiochem.comMay 8, 2020Not enough comparable past events yet for a historical read.
Not 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.
