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Xinjiang's new-crop seed cotton yield and total output are falling more than expected. Cottonseed spot prices in Xinjiang are about 2,550-2,600 yuan/mt, well above year-ago levels, while cotton linter prices are stable.
Tighter cottonseed supply and higher cottonseed prices lift the cost of cottonseed meal, a protein feed, supporting its price.
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.