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The National Cotton Council released a document clarifying the new Seed Cotton Program under the Bipartisan Budget Act of 2018. Producers face decisions on ARC/PLC election, payment yield updates and generic base acre conversion for the 2018 crop, with payments due after October 2019.
Program details shape producer planting and enrollment decisions, which can affect cotton and cottonseed output over time, but the near-term price impact on feed is limited.
cottonfarming.comVicky BoydMay 1, 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.
