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Texas A&M economist Joe Outlaw says cotton should be a covered commodity in the next farm bill and that cottonseed will likely be included as a Title 1 commodity. He notes STAX insurance is ineffective at current cotton prices and that peanut prices have dropped significantly.
He also says trade remains critical to commodity prices.
Possible cottonseed coverage could shape cotton acreage and cottonseed meal supply over time, but the effect is speculative and years away.
farmprogress.comRon Smith 1Jan 27, 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.
