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Cotton futures experienced a decline on Monday, October 3, 2023, with contracts dropping by 10 to 16 points. The October contract closed at 62.7 cents/lb, while the December and March contracts closed at 65.14 and 67.09 cents/lb, respectively.
The US dollar index rose by $0.380 to reach 97.795. In related commodity news, crude oil prices increased by $0.85 per barrel. The same day, The Seam reported 240 cotton sales at an average price of 62.30 cents/lb, and the Cotlook A Index decreased by 50 points to 76.45 cents.
ICE cotton stocks remained steady as of October 3, with certified stocks reported at 17,891 bales.
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