Cotton Newsline: March 14, 2012
The U.S. Department of Agriculture's (USDA) Commodity Credit Corporation (CCC) has announced revised loan rate ranges and base-quality ranges for upland cotton strength and length uniformity, and changes to the staple lengths for which distinct color and leaf loan rate differentials are provided.
The U.S. Department of Agriculture's (USDA) Commodity Credit Corporation (CCC) has announced revised loan rate ranges and base-quality ranges for upland cotton strength and length uniformity, and changes to the staple lengths for which distinct color and leaf loan rate differentials are provided. Gary Adams, Vice President of Economics and Policy Analysis for the National Cotton Council, says the CCC uses measures of strength and length uniformity in determining the price support value of a bale of upland cotton. The base-quality ranges for these factors are those for which loan rate premiums and discounts do not apply.
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