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Cotton futures closed lower for the fifth time in six sessions on Friday. December cotton is down nearly 6% from its recent high on August 21. October cotton was down 389 points on the week, for a weekly change of 6.1%. Crude oil was over 6% higher, with Brent Crude up 15% in two days; partly due to a massive amount of short covering. The weekly Commitment of Traders report showed managed money accounts increased their net long position by 2,574 contracts as of the Tuesday close. They reported a net long position on August 25 of 53,313 contracts. Overall cotton export sales are small, with commitments (shipments plus outstanding contracts) at 29% of the full year WASDE forecast. We would typically be at 45% by now. US second quarter GDP was revised upward from 2.3% to 3.7% growth. The Cotlook A Index is down 55 points at 69.95. There are 73,638 certified bales in stock, with 2,849 decertified bales with a continuation of old crop load out. USDA reduced the AWP for this week to 48.21. That boosted the LDP/MLG to 3.79 through next Thursday.