Cotton Futures Little Higher


December New York Cotton is trading at 68.53, up 0.25 cents/lb.

March New York Cotton is trading at 69.16, up 0.21 cents/lb.

Cotton futures are trading a little higher Tuesday morning.

Market chatter about weather for cotton producing areas in the U.S. is making the rounds.

The weekly cotton crop conditions report showed 47 percent of the crop was rated good to excellent versus 48 percent last week and 53 percent a year ago. The ten year average at this time of year is 47 percent.

China sold 20,100 tonnes of cotton from their reserve on Monday. China’s cotton imports during July totaled 90,000 tonnes, down 10.2 percent from a year ago.