The cotton market continued to slide, as midday action had futures down 82 to 116 points on Thursday. That is despite a round of positive export data for the bulls. The outside market influences are helpful but ignored, as the US dollar index is down 236 points, with crude oil up 24 cents.

The weekly Export Sales report from FAS showed an improvement to export business in the week ending in May 2, as old crop bookings jumped to a 13-week high of 253,660 RB. A good chunk of that was sold to China with importers buying 119,024 RB. New crop sales totaled 158,872 RB in that week the largest weekly sale for the crop this MY. Shipments were tallied at 249,628 RB, up 38.7% from a week ago.

ICE certified cotton stocks were down 791 on decertification on May 8 at 167,979 bales. The Cotlook A Index was up 55 points on May 7 at 85.40 cents/lb. The AWP dropped another 78 points to 60.55 last week. It will be updated this afternoon.

Jul 24 Cotton  is at 78.94, down 112 points,

Oct 24 Cotton  is at 78.01, down 93 points,

Mar 25 Cotton  is at 78.03, down 116 points