N.Y. Cotton little changed

Cotton futures are trading a little changed Tuesday morning. Trading is rangebound. Last in May Cotton is 62.87 ,down 0.17. July Cotton is trading at 63.27, down 0.12. Market talk about large global supplies and weather has kept both buyers and sellers active recent sessions. Chatter about U.S. cotton plantings has led to some buying on dips. Less export demand has brought in sellers on rallies. Some talk that prices are at a fair value for end users has been making the rounds. Chatter about economic and forex policy on a global basis is constant.