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Texas High Plains cotton growers face tight margins because low micronaire lowers quality by 5 to 6 cents per pound, offsetting price gains. Cottonseed prices are also down as soybean prices have fallen.
Lower cottonseed prices reduce the value of cottonseed meal and weaken the cotton-side feed supply outlook.
farmprogress.comShelley E. HuguleyJan 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.
