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Chinese commentary says the cotton supply in the Yellow River Basin has been sharply reduced and that the national dumping policy and tight spot supply drove 2016 cotton prices higher. It expects cotton market consolidation to bottom around the Spring Festival, with reserve purchases supporting prices.
Lower cotton output and firmer Chinese prices support cottonseed availability and value for feed. The effect on feed markets is indirect and mostly limited to the cotton chain.
sjfzxm.comFeb 6, 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.
