USDA Export Sales; Cotton Futures Higher

The USDA reported today that cotton weekly export sales for the current marketing year for the period ending February 23rd totaled 481,400 running bales. Sales were up 72 percent from the four week average. There were 62,900 running bales sold for 2018. May New York Cotton is trading at 78.20, up 0.34 cents/lb. July New York Cotton is trading at 79.13, up 0.40 cents/lb.