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Cotton futures are currently trading from 27 points lower to as much as 15 points higher this morning. Dec15 cotton was the weakest yesterday, but the strongest this morning. The USDA reported in its weekly Export Sales report that 565,200 RB of cotton was sold during the week ending Oct 1, including just 3,000 RB of Pima. The largest buyer was Mexico. USDA has reported that upland producers had contracted 3% of the projected crop as of October 1. Producers had contracted 9% of expectations at this time a year ago. The crop is much smaller this year, but the delay may be due to attractive LDP levels and the need to capture those. There were 44,364 certified bales in delivery warehouses on 10/6, with 38 new certified bales, and no decertified bales.