Loading…
On November 13, new-crop cotton picking began in Shandong. New-season seed cotton was quoted at 4.0-4.1 yuan/jin with moisture around 15%, and new lint at 16,400-17,000 yuan/ton, with deals mainly negotiated and trading described as quiet.
Early new-crop cotton pricing in Shandong sets the domestic cotton cost base; quiet trade suggests limited near-term price support for cottonseed meal and related cotton products used in feed.
Not 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.