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Cotton futures are trading mostly 33 to 55 points lower this morning. Weekly USDA crop condition ratings showed a mixed picture, with 1% of the crop moving from good to excellent, while 2% of the crop moved from the fair category down to the poor column. Squaring at 92% is 2 points behind the average. ICE reports that there are currently 112,357 certified bales in stock, with 1 decertified bale, and no new certs or bales awaiting review. On Thursday night, USDA set the AWP at 49.54 and increased the LDP/MLG to 2.46 cents through August 6.