BC-Cotton Bale

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By AP

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Updated: Thu, 24 Oct 2013 04:18:27 EST

NEW YORK (AP) — Cotton futures No. 2 closed $4.20 to $7.40 a bale lower Thursday. The average price for strict low middling 1 & 1-16 inch spot cotton declined 127 cents to 76.51 cents per pound Thursday for the seven markets, according to the Market News Branch, Memphis USDA.

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