BC-Cotton Bale: May 11, 2012

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NEW YORK (AP) Cotton futures No. 2 closed $4.50 to $15.60 a bale lower Friday.

The average price for strict low middling 1 & 1-16 inch spot cotton declined 282 points to 71.59 cents per pound Friday for the seven markets, according to the Market News Branch, Memphis USDA.

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