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Australian cottonseed prices are expected to fall further as ginning of Queensland and New South Wales crops speeds up and adds seed to an oversupplied market. China, which bought over one-third of Australia's 2017 cottonseed output, has yet to show any shipments because of unresolved Bollgard III certification issues.
Lack of Chinese demand and a surplus of US cottonseed weigh on cottonseed as a feed ingredient, so buyers can expect soft pricing in the near term unless the certification issue is resolved.
graincentral.comHenry WellsFeb 8, 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.
