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Cotton futures in New York are trading mostly in the 67 to 70 cent range despite high reported yields and a large US crop. Mills report better-than-expected quality, and world consumption continues to grow while carryover falls.
Steady cotton prices keep cottonseed output stable, but the effect on feed meal prices is indirect.
cottongrower.comDr. O.A. ClevelandNov 4, 2017Not 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.
