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Drought-stretched graziers and feedlots in eastern Australia are drawing cottonseed from the current ginning program almost as fast as it is processed. Cottonseed has risen from a low of $200-210/t in March to about $350-355/t free on truck Moree.
Tightening domestic cottonseed supplies and rising Chinese interest point to further upside in cottonseed and cottonseed meal prices for Australian feed buyers.
graincentral.comLiz WellsJul 11, 2018Not 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.
