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The National Cotton Council testified before the Senate Agriculture Committee that cotton should be included in the next farm bill's Title I programs. The NCC said cotton producers have faced low prices and high costs for three years, and that cotton futures have retreated after a brief rise earlier in 2017.
Its testimony was given at a committee hearing on risk management tools for the 2018 farm bill.
Cotton's exclusion from Title I weighs on US cotton farm economics, which can reduce acreage and cottonseed output over time. The hearing is a policy step, not a supply change, so near-term price impact is minimal.
cotton.orgJul 25, 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.
