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Chinese cotton seed trading was volatile in the week of September 23 to 29, with processing plants halting purchases to limit risk. New cottonseed purchase prices fell 0.03 to 0.06 yuan per jin in Hebei and were around 1.22 yuan in Henan.
Lower cottonseed prices and reduced plant buying reduce the cost of a domestic protein meal ingredient, with the downstream cotton byproduct demand setting the trend.
sjfzxm.comOct 8, 2019Not 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.
