The United States Department of Agriculture Farm Service Agency released the 2021- crop Upland Cotton Loan Premium and Discount tables on April 15 and they contain some significant changes compared to the 2020 tables.
The biggest changes are found in the discount schedule for Extraneous Matter, specifically for Level One and Level Two Plastic, and reflect the markets increased focus on this type of lint contamination.
The revised premium and discount tables apply to the Base Loan rate for Upland Cotton which has also been announced and remains 52 cents per pound for the 2021 crop.
As typically is the case Color/Leaf/Staple combinations ...