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Cotton futures are 16 to 54 points lower, excluding nearby May. May is in deliveries and is 34 higher with open interest declining rapidly. They posted sharp 175 to 250 point gains in the nearby contracts on Wednesday. The US dollar index was up 484 points but not much of a drag on prices. Drier weather is seen over most of TX during the next week. The Cotlook A index was down 60 points from the previous day at 93.20 cents/lb. The Adjusted World Price, effective through today, is currently at 74.16 cents/lb. China sold 14,648 MT of cotton from states reserves on Wednesday, totaling 48.82% of the total offered.

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