DJ MARKET TALK: Big Supplies Should Push Cotton Lower -Rabobank

9:29 EDT - Cotton futures are ticking higher in thin trade, supported by the weaker dollar, as prices continue to knock around the low end of their recent range of 72.50-77.50c/pound. "The bearish fundamental outlook has intensified for the cotton market," says Rabobank. "Lackluster international demand, combined with Chinese government auctions, are constraining upside price risk." It forecasts 4Q futures around 65c, a level last seen in October 2009. ICE cotton for December delivery is 0.4% higher today at 72.78c.