By Keith Brown, DTN Contributing Cotton Analyst 

The cotton market concluded Friday and the week on a positive note. Early Friday morning, USDA’s delayed weekly export sales were deemed to be supportive. Sales and shipments were both higher than the previous week. Also, there is a growing consensus that much of the Cotton Belt has enjoyed too much rain, and too many cloudy days. To that end, proper crop development is being questioned.

This Monday USDA will issue its monthly supply-demand report for June. Some traders expect production to be upped a tad, but we will provide additional numbers Monday morning.

The current climate outlook calls for normal precipitation in the six- to 10-day outlook. To date, some traders think there has been enough rain to finally take away the need to build a weather premium this summer for Texas, but there remains a lot of growing time left.

For the week, December cotton ended up 0.63 cent. It was up 2.70 cents on the month and up 12.73 cents the month

Friday, December settled 87.70 cents, up 0.83 cent, March ended at 87.40 cents, up 0.76 cent and December 2022 ended at 79.27 cents, up 0.55 cent; estimated volume was 16,040 contracts.