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Cotton futures experienced significant midday losses on Thursday, with drops ranging from 56 to 93 points. As of the latest data, the US dollar index rose by $0.540 to reach $97.060, while crude oil futures decreased by $0.36.
The USDA reported upland cotton export business at 186,108 RB for the week ending September 11, with shipments reaching a three-week low of 120,493 RB. Additionally, The Seam reported the sale of 4,975 bales on Wednesday at an average price of 65.23 cents/lb.
Current cotton futures prices include October 25 at 64.93 (down 93 points), December 25 at 66.66 (down 59 points), and March 26 at 68.64 (down 56 points). The Cotlook A Index increased by 100 points to 79.10 cents on September 17.
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