Loading…
The Senate Agriculture Appropriations bill (S.1603) includes a provision directing USDA to designate cottonseed as a covered commodity, making it eligible for farm program payments from the 2018 crop year. The article reviews how cotton's removal from ARC and PLC in 2014 shaped generic base acres.
If cottonseed becomes a covered commodity, support payments could encourage cotton planting and raise cottonseed output over time, a modestly bearish factor for cottonseed meal supply.
farmdocdaily.illinois.eduHongxia JiaoSep 13, 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.
