# NCC’s Campiche delivers mid-year economic report

> The National Cotton Council's mid-year report shows US cotton exports for 2018 missed the USDA forecast by 1.3 million bales, leaving ending stocks at 5.3 million bales, the largest since 2008. Mill use estimates were also cut by nearly 3 million bales. The trade war with China is disrupting cotton supply chains.

- Date: 2019-08-28 · published 2019-08-28T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/57700-ncc-s-campiche-delivers-mid-year-economic-report
- Commodities: [Cottonseed Meal](https://feedsoft.ai/c/CSM.md)

## Why it matters

Weaker exports and larger stocks point to ample cottonseed supply, which is bearish for cottonseed meal prices while trade uncertainty persists.

## Read by commodity

- CSM: bearish ▼

## Sources

- farmprogress.com: https://www.farmprogress.com/cotton/ncc-s-campiche-delivers-mid-year-economic-report

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