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The Bipartisan Budget Act of 2018 made seed cotton a covered commodity under US Title I farm programs for the 2018/19 marketing year, with a reference price of 36.7 cents per pound. Cotton producers with base acres are expected to enroll mainly in the Price Loss Coverage program.
Income support for cotton growers may keep cotton planted and cottonseed output steady, but the policy change is unlikely to move cottonseed meal prices materially in the near term.
fb.orgJohn Newton, Ph.D.Jul 31, 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.
