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Chinese cotton by-product prices are expected to remain unfavorable in the near future, as Sino-US trade relations face risk and the epidemic weighs on agricultural consumption. Increased imported soybean volumes have eased domestic oilseed supply and hurt cotton by-products.
Cottonseed prices are mostly stable with slight local increases, while cotton oil declined following soybean price drops.
Cottonseed meal and oil substitute for soy products in feed and oil uses, so cheap imported soybeans keep cotton by-product prices under pressure. This points to soft cottonseed meal and oil values for feed buyers.
sjfzxm.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.
