BC-Cotton Bale: May 17, 2012

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NEW YORK (AP) — Cotton futures No. 2 closed $1.60 to $5.15 a bale lower Thursday.

The average price for strict low middling 1 & 1-16 inch spot cotton declined 30 points to 69.39 cents per pound Thusrday for the seven markets, according to the Market News Branch, Memphis USDA.

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