BC-Cotton Bale: May 10, 2012

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NEW YORK (AP) Cotton futures No. 2 closed $19.60 to $20.00 a bale lower Thursday.

The average price for strict low middling 1 & 1-16 inch spot cotton declined 400 points to 74.41 cents per pound Thursday for the seven markets, according to the Market News Branch, Memphis USDA.

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