Cotton Little Lower

New York Cotton futures are trading steady to a little lower Thursday morning. December Cotton is trading at 63.26, down 0.26 and March Cotton is trading at 63.22, down 0.30. Market talk about U.S. weather and global economic growth, especially China's situation has kept both buyers and sellers active. Market chatter about the USDA supply and demand update next week continues. This week the International Cotton Advisory Committee moved its world cotton inventories up and reduced the demand forecast.