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A Seed World feature notes that global cotton production is expected to rise, with USDA projecting 2016-17 output up 4% to about 110 million bales. Mill use lags behind, which has lifted ending stocks and pushed prices lower.
The article also covers US planting intentions of 11 million acres, up 9.4% from 2016.
Rising world output and stocks outpacing mill use point to lower cotton prices. Cottonseed supply from larger US planting could also add to oilseed meal availability.
seedworld.comFrank ZaworskiMay 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.
