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Cargill, Australia's largest cottonseed crusher, says scarce whole cottonseed prevents it from crushing enough to meet stockfeed demand for meal and hulls during widespread drought. Farmers and ginners are holding back cottonseed, and smaller crusher Australian Oilseeds is running at full capacity and expanding.
Tight cottonseed meal and hull supply in Australia pushes specialist feeders toward alternative protein and fibre, 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.