N.Y. Cotton Higher

May Cotton is trading at 63.04, up 0.48. July Cotton is trading at 63.42, up 0.42. Market talk about weather and economic growth is a main focus now. Chatter about record world cotton supplies and lousy demand especially in China where inventories are high has led to some recent pressure. Market talk about India's exports moving outside of normal channels due to low Chinese demand has also led to some selling on rallies. Thursday's trading session is expected to be choppy, with pre-holiday trading occurring. N.Y. Soft Commodity markets are closed Friday for an exchange holiday.