Friday, 18 February 2011
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US cotton falls 7-cent limit before delivery notices
Feb 18 (Reuters) - U.S. cotton futures slid their 7-cent limit Friday as a week of panic short-covering, which drove the March, May and July contracts limit-up in successive sessions, seemed to be exhausted, brokers said. Prices rallied as mills were covering short positions before the first notice day on March contracts. Notices for delivery on March futures must be submitted by 5:00 p.m. EST (
http://bit.ly/gkQIuW
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