The recent rally in May Cotton may have sparked some profit taking as well as price fixing on the part of growers. US export prospects have improved with the weaker dollar, and the weekly export sales reports have come in strong the past few weeks. Moisture deficits in south Texas could slow their planting pace. West Texas is dry as well, but there is still some time for an improvement. However, the 6-10 and 8-14 day forecasts show below normal chances for rain in that region. The contract low could be solid, but it may take time and a significant worsening in the weather outlook to turn the market around.