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USDA’s Great American Cotton Plan aims to boost demand for U.S. cotton through domestic manufacturing incentives, traceable supply chains and the Buying American Cotton Act.
Soybeans saw relative strength overnight while grains fell under pressure.
Soybean complex outperforms corn, winter wheat in May
FTC chairman Andrew Ferguson announced a formal investigation Thursday into fertilizer pricing and market concentration, drawing a standing ovation from farmers representing 18 states.
The increase comes despite improvements in the Southeastern U.S.