News

All benchmark prices increased over the past month. The Nearby March NY/ICE futures contract increased from 115 to 127 cents/lb.

All benchmark prices increased over the past month. The March NY/ICE futures fell as low as 104 cents/lb in early December.

The latest USDA report featured a small decrease in global production (-224,000 bales to 121.6 million) and a small increase to global mill-use (+170,000 bales to 124.3 million).

The latest USDA report featured increases to 2021/22 global production (+1.5 million bales to 121.8 million) and mill-use (+0.7 million bales to 124.1 million).

Most benchmark prices surged between late September and the present. After touching values below 90 cents/lb on September 20, the December NY/ICE futures contract surged higher.