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Cotton industry leaders criticized Senators Leahy and Stabenow for blocking the cottonseed policy from the omnibus appropriations bill. The policy would have classified cottonseed as an other oilseed, making cotton producers eligible for Price Loss Coverage.
The dispute was tied to a dairy assistance plan that also failed.
The failure to pass the cottonseed policy leaves cotton producers without support, which may affect cottonseed meal supply over time. Immediate price effects are limited.
farmprogress.comForrest Laws 1May 2, 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.
