In this study we measure CO2 flux dynamics over a cotton production field in the U.S. Mid-South with silt loam soils. An eddy covariance system quantified 30-minute CO2 fluxes by coupling high frequency (20 Hz) measurements of 3D wind speed, H2O and CO2 gas concentration. This system took measurements alongside a suite of canopy development, soil, and weather sensors used to interpret changes in flux magnitude and behavior. Three growing seasons were measured (2016-18). Initial analysis shows greatest photosynthetic uptake of CO2 during the first week of flowering. Periods immediately following rainfall with wetter soil moisture conditions induced higher initial canopy quantum efficiency, (defined as the initial slope between photosynthetic uptake and incoming solar radiation). Soil moisture and irrigation timing seem to play a limited role in governing the dynamics of soil respiration of CO2. Knowledge on dynamics of CO2 exchange together with the crop water needs provides possibilities for climate-smart agricultural management.