BC-Cotton Bale: May 23, 2012

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NEW YORK (AP) Cotton futures No. 2 closed $14.10 to $16.95 a bale lower Wednesday.

The average price for strict low middling 1 & 1-16 inch spot cotton declined 272 points to 65.44 cents per pound Wednesday for the seven markets, according to the Market News Branch, Memphis USDA.

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