Cotton Futures Trading Higher

March New York Cotton is trading at 73.53, up 0.49 cents/lb May New York Cotton is trading at 74.12, up 0.45 cents/lb. Cotton futures are trading at the session highs. The USDA reported on Friday that cotton export sales as of January 12th are now 77.6 percent of the agency forecast versus the five year average of 77.2 percent.