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The newly enacted budget agreement creates a Price Loss Coverage program for seed cotton with a 36.7 cent reference price and reallocates 17.5 million generic base acres. The CBO estimates about $300 million a year in payments, and peanut growers face smaller payments.
Support payments can keep cotton acres planted, sustaining cottonseed supply, while the shift in peanut payments could alter peanut acreage and peanut meal availability.
agri-pulse.comPhilip BrasherFeb 14, 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.
