N.Y. Cotton little changed

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N.Y. Cotton futures are little changed Friday morning. Market chatter about the Cotton Ginnings report that was released earlier this week is making the rounds, 16.31 million bales of cotton were ginned in the US this year, up slightly a little the last report. Chatter about large global supplies and cotton prices in China has been a point of interest. The street estimates for the USDA prospective plantings report are coming in at 9.83 million acres planted versus 11.037 last year. At the USDA outlook forum earlier this year the estimates were 9.7 million. May Cotton is trading at 63.14, up 0.06. and trading is steady.
Posted In: FuturesCommoditiesMarkets
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