Cotton futures little Changed in early Trading

Cotton futures are little changed in early trading Wednesday. Market Chatter about the USDA report next week and expectations for lower production is making the rounds. The trading has been choppy. The street is looking at US cotton production be around 15.878 million bales down from the current USDA data of 15.92 million. There has been fund short covering and chatter over global growth, prospects for increased demand has been supportive, worries over China slowing and a weak Europe shows in market chatter. March N.Y Cotton is trading down 0.18 at 60.03.