# Softs Report 1/9/2024 - Market InsightsMarket Insights

> Cotton closed slightly higher in sideways trading with US export demand improving, while Chinese demand remains soft. Concerns persist that El Niño could hurt Australian and Indian cotton output starting this fall.

- Date: 2024-01-09 · published 2024-01-09T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/32227-softs-report-1-9-2024-market-insightsmarket-insights
- Commodities: [Cottonseed Meal](https://feedsoft.ai/c/CSM.md)

## Why it matters

Weak Chinese demand and El Niño production risks give mixed signals for cottonseed by-product supply and feed meal values, with no clear single driver for prices.

## Read by commodity

- CSM: neutral

## Sources

- blog.pricegroup.com: https://blog.pricegroup.com/2024/01/09/softs-report-1-9-2024/

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