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Cotton acreage in the US Cotton Belt has grown about 4 million acres since 2015 and is expected to rise 7% in 2018 to about 13.5 million acres, the highest since 2011. The 2017 US yield was a record 905 pounds per acre, and the Bipartisan Budget Act restored cottonseed access to ARC and PLC payments.
Expanding cotton plantings increase future cottonseed output available for crushing into meal, which is a bearish factor for feed ingredient prices over time.
lakeviewgrainsllc.comJun 7, 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.
