Cotton Futures Little Higher

March New York Cotton is trading at 75.90, up 0.32 cents/lb May New York Cotton is trading at 77.04, up 0.39 cents/lb. Cotton futures are trading a little under the session highs. The USDA reported on Thursday that cotton export sales for the current marketing year as of February 2nd are now 86.1 percent of the agency forecast versus the five year average of 84.3 percent.