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Hurricane Florence threatens North Carolina's cotton crop, with forecasts of 19 to 21 inches of rain in major cotton areas. Industry sources expect significant losses of the crop and the cottonseed that would come from it.
Loss of North Carolina cotton would tighten cottonseed supplies for dairy feed, supporting cottonseed meal prices.
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.