Cotton Futures Little Changed

March New York Cotton is trading at 72.23, down 0.11 cents/lb. May New York Cotton is trading at 72.67, down 0.18 cents/lb. Cotton futures are trading steady to lower after Thursday's choppy and soft trading session. The USDA reported Thursday that cotton export sales as of January 5th are now 76.5 percent of the agency forecast versus the five year average of 74.5 percent.