# Softs Report 04/12/2024 - Market InsightsMarket Insights

> Pricegroup's April 12 softs report says cotton fell after USDA reports, with weak export sales and trends still pointing down. USDA left US domestic balance sheets unchanged but trimmed world ending stocks slightly, and US planted area is projected at 10.23 million acres.

- Date: 2024-04-12 · published 2024-04-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/30862-softs-report-04-12-2024-market-insightsmarket-insights
- Commodities: [Cottonseed Meal](https://feedsoft.ai/c/CSM.md)

## Why it matters

Weak cotton demand and lower prices reduce the pressure on cottonseed meal supply economics. The report signals limited support for cotton-based feed products.

## Read by commodity

- CSM: bearish ▼

## Sources

- blog.pricegroup.com: https://blog.pricegroup.com/2024/04/12/softs-report-04-12-2024/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.