BC-Cotton Bale

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By AP

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Updated: Fri, 11 Jul 2014 07:20:54 EST

NEW YORK (AP) — Cotton futures No. 2 closed $4.70 to $8.25 a bale lower Thursday.

The average price for strict low middling 1 & 1-16 inch spot cotton declined 168 cents to 70.32 cents per pound Thursday for the seven markets, according to the Market News Branch, Memphis USDA.

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