Cottonseed Pricing Report: March 2018
• Posted in Pricing Reports
During a month of increased price volatility, the outlook for cottonseed prices has been shaken up. Prior to the independently minor but collectively influential body of largely supportive news released during March, the forecast for cottonseed prices was neutral to bearish. Today, more near-term support is suggested. One element of the previous forecast remains: the fundamental price floor is still determined by the feeding industry’s alternative feed ingredient values. However, after the benchmark Midsouth cottonseed price rallied 13 percent from $150 per ton in early February to $170 in early March, the issue on the minds of many market participants has turned from downside to upside price risk.