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Xinjiang seed cotton purchases are over 95% complete, with ginning plants resuming work and bidding up seed cotton prices before the Spring Festival. Buyers from the mainland and oil refineries are competing for cottonseed, pushing prices higher.
Strong competition for cottonseed by oil refiners and ginners supports cottonseed prices in China, which can lift cottonseed meal values. The impact is mainly regional.
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.
