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Cotton futures faded lower Thursday, with March 2027 cotton closing at 83.42 cents, down 58 points. US cotton stocks stood at 17,756 bales.
Cotton is a minor feed input, and lower cotton futures mean cheaper cottonseed meal alternatives but have little direct effect on feed grains.
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.