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Cotton Inc. says US cotton production is projected at 21.7 million bales for 2019, an 18% increase from last year. This adds nearly one million more tons of whole cottonseed available for dairy rations.
A larger US cottonseed crop increases supply of whole cottonseed as a dairy feed, which may soften cottonseed feed prices relative to recent firmness.
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.