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The US cotton industry is seeking to have cottonseed designated as a covered commodity, which would make it eligible for ARC and PLC programs. The National Cotton Council is working with Congress to add this through the fiscal 2017 appropriations bill.
If cottonseed gains covered-commodity status, growers may hold more cottonseed supply, but the direct price effect on cottonseed meal is uncertain and not yet enacted.
southeastagnet.comDanApr 21, 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.
