USDA Export Sales; Cotton Futures Higher

The USDA reported today that cotton weekly export sales for the current marketing year for the period ending January 12th totaled 346,500 running bales. Sales were up 47 percent from previous week and up 33 percent from the four week average. There were 31,700 running bales sold for 2018. March New York Cotton is trading at 73.08, up 0.39 cents/lb. May New York Cotton is trading at 73.64, up 0.38 cents/lb.