Cotton Futures Little Lower

March New York Cotton is trading at 71.15, down 0.27 cents/lb. May New York Cotton is trading at 71.42, down 0.27 cents/lb. Cotton futures are trading a little lower. The USDA reported on Thursday that cotton export sales as of December 1st are now 65.5 percent of the agency forecast versus the five year average of 67.3 percent. The USDA World Agricultural Supply and Demand Estimates Report (WASDE) is due out at 12:00 p.m. ET.