Cotton Futures Closes 1 Dollar Lower than Expected

Cotton Closes Low

Eloise Spooner and her husband, George say they became lifelong friends with Mrs. Sherrod in the 1980s and credit her with helping to save the farm near Iron City.

NEW YORK (AP) - Cotton futures No. 2 closed $1.00 a bale lower
to $4.00 higher Thursday.

The average price for strict low middling 1 & 1-16 inch spot
cotton advanced 57 points to 76.62 cents a pound Thursday for the
seven markets, according to the Market News Branch, Memphis USDA.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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