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Cotton futures closed 138 to 237 lower today. Volume jumped with the new selling (technically bearish). Estimated volume was 28,400 contracts vs. 8,912 yesterday. The Cotlook A Index was UNCH at 83.15. This morning, USDA reported net weekly export sales of US cotton for last week totaled 373,200 RB, including 3,700 RB of upland.2013/14 sales of Upland cotton were actually posted as a net reduction of 1,900 RB for this week due to cancellations and rollovers. The USDA marketing year for cotton ends July 31. Any unshipped sales at that point will be applied to 2014/15 outstanding sales. This Export Sales report was through July 17. Cert stocks dropped to 182,731 bales, the smallest since February.