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Texas cotton producers and economists at a Lubbock meeting described excess cotton supply and weak demand as the trade dispute with China keeps China out of the market. Farmers voiced frustration that the intellectual property dispute has lasted without resolution.
Continued absence of China as a buyer keeps US cotton supply heavy, which weighs on cottonseed meal values. The comments reflect sentiment rather than a discrete new event.
textiletoday.com.bdFeb 16, 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.
