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House Agriculture Committee Chairman Mike Conaway said getting cotton back into Title 1 of the farm bill, either as cottonseed or lint, will be the biggest change in the next farm bill. He noted STAX did not work well for producers and expressed hope for a new look under incoming Agriculture Secretary Sonny Perdue.
A future cottonseed program could change cotton planting incentives and cottonseed supply in the US. The remarks are a policy signal with no immediate price impact.
farmprogress.comRon Smith 1Feb 11, 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.
