BC-Cotton Bale

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By AP

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Updated: Thu, 08 May 2014 01:15:39 EST

NEW YORK (AP) — Cotton futures No. 2 closed 40 cents higher to $9.30 a bale lower Wednesday.

The average price for strict low middling 1 & 1-16 inch spot cotton delined $1.45 to 85.29 cents per pound Wednesday for the seven markets, according to the Market News Branch, Memphis USDA.

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