Weekly Cotton Export sales fall

Weekly Cotton Export sales fell last week. The USDA reported yesterday that 89,500 bales were exported as of December 11. The previous week was 199,200 bales. The cumulative sale pace this year is 75.9 %, the 5 Year average is 74.8%. The data remains above the pace needed to meet the USDA expectations. Overseas reports out of China showed that Chinese Raw imports of cotton in October were down 10 %.