Cotton futures are being pulled lower on Friday, as contracts are down 116 to 135 points at midday. The outside markets are having some effect, as crude is down $1/barrel on the day. 

With just under 2 reporting weeks left in the marketing year cotton export commitments of shipped and unshipped sales are 119% of the USDA forecast, 2% ahead of normal. Shipments are 93% of the projection, compared to the 96% average. Forward bookings are 2.72 million RB, which is above last year by 9.7%, but still on the lower end of the last several. 

ICE cotton stocks were left unchanged on July 24, leaving 38,026 bales of cert stocks. The Cotlook A Index was down 70 points on July 24 at 79.05 cents/lb. The USDA Average World Price (AWP) was cut by 140 points to 55.02 cents/lb, and is in effect through next Thursday.

Dec 24 Cotton  is at 67.74, down 116 points,

Mar 25 Cotton  is at 69.56, down 110 points,

May 25 Cotton  is at 70.91, down 111 points