Cotton futures traded just below unchanged Thursday after U.S. weekly export sales slipped but still came in larger than expected.
Most-active March hovered off seven points at 78.98 cents at 8:03 a.m. CST, trading within a 50-point range from 78.71 to 79.21 cents on a contract volume of 1,927 lots. May eased off 13 points to 79.39 cents on 254 lots.
Net U.S. upland export sales for delivery this season slipped to 248,600 running bales during the week ended Nov. 28 from 265,700 bales the previous week, USDA reported. Expectations had ranged generally around 200,000 bales.
Gross sales were 249,400 bales ...