Cotton futures are giving back another triple digits after the limit gains on Tuesday. Futures are still a net 13.15 cents/lb higher for the month as Feb finishes out. New crop futures are 8 to 14 points in the red at midday, with Dec a net 262 points stronger for the month of Feb. 

USDA’s FAS reported 39,966 RBs of cotton was sold for export. That was a new MY low. Cotton exports were 267,115 RBs for the week, bringing the season total to 5.343 million. Commitments are now 0.5% behind last year’s pace with 10.477m RBs on the books. 

The Cotlook A Index for 2/28 was 370 points higher at 105.25 cents/lb. The Seam recorded 5,791 bales sold on 2/27 for an average price of 89.1 cents/lb. The AWP is 75.12 cents, and will be updated after the close. ICE certified stocks were 997 bales as of 2/21. 

May 24 Cotton  is at 99.22, down 186 points,

Jul 24 Cotton  is at 97.61, down 211 points,

Dec 24 Cotton  is at 84.07, down 21 points