Cotton us trading with 1 to 16 point gains in the front month, with deferred contracts down 4 to 6.. The outside factors are supportive, with crude oil up 37 cents/barrel, as the dollar index is down 452 points.

Cotton exports in May totaled 1.01 million bales, which was a drop of 16.6% from last month, and a 32.02% lower than the same month last year. 

ICE certified cotton stocks were down 426 bales on decerts, to 53,791 bales on July 2. The Cotlook A Index was back up 50 points on July 2 at 83.45 cents/lb. The USDA Average World Price (AWP) rebounded from the previous week decline, up 1.58 to 58.23 cents per pound. It will be in effect through July 4.  Because of the holiday, the next AWP rate announcement from FSA will be on Friday, July 5 at 8 AM EDT. 

Jul 24 Cotton  is at 69.33, down 74 points,

Dec 24 Cotton  is at 72.86, up 16 points,

Mar 25 Cotton  is at 74.4, up 1 points