Cotton Futures Trading Lower

December New York Cotton is trading at 72.86, down 0.52 cents/lb. March New York Cotton is trading at 71.76, down 0.78 cents/lb. Cotton futures are a little lower after Thursday's choppy and wide ranged trading session. The USDA reported on Thursday that cotton export sales for the current marketing year as of November 10th are now 57.7 percent of the agency forecast versus the five year average of 59.4 percent.