Cotton futures are trading with 90 to 98 point losses on Thursday, correcting from Tuesday's near-limit gains. Outside markets are stronger, with crude oil up $4.09 after the US struck Iran and President Trump stated the ceasefire is over, while the US dollar index is up $0.087. Monthly trade data from Census showed 1.46 million bales of exports during May, a 3-year high and 15.3% above a year ago, but down 6.88% from a year ago. The Seam reported just 94 bales sold on July 7 at an average of 65.76 cents, while the Cotlook A Index was up 150 points at 87.30 cents. ICE certified cotton stocks were down 95 bales on Tuesday via decertification, with the certified stocks level at 184,939 bales, and the Adjusted World Price was back down 194 points last week at 61.94 cents per pound.