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U.S. Sets 1973 Upland Cotton Loan Rate and Specs
The USDA announces the 1973 upland cotton loan rate at 19.5 cents per lb for middling 1 inch cotton and base packaging specs for the crop pledged to CCC. Loans run 10 months from loan start, with reductions for storage charges over 60 days. Jute bagging rules allow two sewn seams for used material. further spec updates may follow. Canada is noted with 70,000 miles of pipelines.
MENTIONED IN THIS ARTICLE
U.S. Department of Agriculture
Commodity Credit Corporation
U.S
CCC
Joint Industry Base