Cotton Futures Little Lower

May New York Cotton is trading at 77.53, down 0.29 cents/lb. July New York Cotton is trading at 78.51, down 0.38 cents/lb. New York cotton futures are trading a little lower. The USDA reported on Thursday that cotton export sales as of March 2nd are now 95.9 percent of the agency forecast versus the five year average of 89.2 percent.