Cotton futures are 50 to 52 points lower. They settled the Wednesday session with most contracts steady to 21 points higher. December expired 21 points higher at 75.17 cents/lb. During October, the US shipped 97,302 MT of cotton for export. That was a drop of 21.5% from the previous month and 22.5% lower than last October. The USDA Export Sales report is generally expected to show a slowdown in upland cotton sales this morning. Online cash sales dropped to 13,670 bales reported on the Seam, as prices rose 46 points to 69.46 cents/lb. The Cotlook A index was down 70 points on December 5 to 82.95 cents/lb.

Market Commentary provided by:

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