BC-Cotton Bale: May 8, 2012

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NEW YORK (AP) Cotton futures No. 2 closed 70 cents to $6.10 a bale lower Tuesday.

The average price for strict low middling 1 & 1-16 inch spot cotton declined 35 points to 78.66 cents per pound Tuesday for the seven markets, according to the Market News Branch, Memphis USDA.

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