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Some Kashi, Xinjiang acquisition companies have begun weighing in new-crop cotton at 2.50-2.55 yuan/jin, but farmers expect higher prices and sales are slow. A buyer reports 3,000 tons of processed lint unsold and losing money at 13,000 yuan/ton, while cottonseed quotes sit around 0.95-1.015 yuan/kg.
Slow farmer selling and weak lint demand point to cautious cottonseed buying, a minor factor for cottonseed meal supply in China.
sjfzxm.comSep 18, 2019sjfzxm.comSep 17, 2019Not enough comparable past events yet for a historical read.
Not 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.
