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CoBank's quarterly review expects US cotton acreage to rise but yields and abandonment to fall, with US stocks projected at 5.5 million bales, a 10-year high. It notes cottonseed prices have fallen relative to cotton, raising ginning costs and pressuring gins.
Weaker cottonseed values and large cotton stocks point to lower returns on cottonseed, which can reduce the seed's value for feed and crushing.
thrakika.gr30 Μαρτίου 2018Mar 30, 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.
