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USDA's September WASDE raised the projected 2017 U.S. cotton crop to 21.76 million bales from 20.55 in August, despite Hurricane Harvey damage in Texas and Irma-related losses in Georgia. Hurricane Harvey destroyed some cotton gins in the Corpus Christi area, while Texas High Plains supplies of last year's cottonseed remain ample.
A larger cotton crop means more cottonseed available for crushing into meal, which is bearish for cottonseed meal supplies, though storm-related local losses are limited so far.
hoards.comInterPuls acquires ADFSep 27, 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.
