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USDA's December WASDE cut Texas cotton bales by 500,000, lifting cottonseed prices about $25 per ton over the past month. Statistics Canada reported canola seed production down 8%, the smallest crop in four years.
Lower cottonseed and canola supplies tighten the oilseed meal complex, supporting cottonseed meal and canola meal prices for feed buyers.
penny-newman.comDec 10, 2019Not 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.
