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What will it take to pull cotton market out of the ditch?
Story Date: 5/31/2012
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Source: SOUTHEAST FARM PRESS, 5/29/12
Cotton prices began plummeting on May 10, the day the USDA May supply/demand numbers were released. Prices (Dec12 futures) have dropped 18 percent — from just over 83 cents on May 9 — to just under 69 cents on Wednesday of last week.
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