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Cotton futures ended the session sharply lower, with the October contract losing 243 points since Friday. The US dollar index was stronger, and crude oil was higher. The market continues to trade off between record large global stocks and the smaller USDA production and US ending stocks estimates from last Thursday. The weekly crop condition ratings were slightly lower than the previous week. NASS reported 51% of the crop with bolls opening vs. the 5yr average of 49%. Harvest progress is at 6% vs. the 5yr average of 7% for this date. ICE Certified stocks are down to 50,669 bales as we approach the October contract delivery period. Another 2,387 bales were decertified on Friday. The Cotlook A Index was up 30 points this morning at 76.15.