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Mississippi State cotton marketing specialist O.A. Cleveland presented a bearish 2019 cotton outlook at the Beltwide Cotton Conferences, noting cotton at 72 cents with much of the crop unpriced.
He cited pricing, economic, competition, tariff, interest rate, supply and trade issues as likely to cap prices.
A bearish cotton outlook points to weaker cotton prices, and with lower cotton output and value, cottonseed meal supply and pricing may follow, though the effect on feed is indirect.
farmprogress.comRon SmithJan 23, 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.
