Source: MORNING AG CLIPS, 4/16/19

USDA’s Commodity Credit Corporation today announced the 2019-crop loan rate differentials for upland and extra-long staple cotton. The differentials, also referred to as loan rate premiums and discounts, have been calculated based on market valuations of various cotton quality factors for the prior three years. This calculation procedure is identical to that used in past years, with two exceptions. One, there is a reduced discount applied to color white, leaf 8 upland cotton, and the addition of a new plastic extraneous matter category for upland cotton. Two, the ranges for extra-long staple strength discounts have changed from prior years.

For more of this story, click here.