Wednesday, 4 May 2011
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Cotton Gives Up Gains; Cocoa Wobbles
NEW YORK (TheStreet) -- Cotton has plunged into the red Wednesday as worries about weak physical demand crept back. Cotton for July delivery was losing 3.8% to $1.5151 a pound, sinking to the bottom of the morning's biggest commodity laggards. "Physical demand is still sporadic to weak across Asia," said INTL/FCStone Fibers and Textiles Senior Risk Management Consultant Andy Ryan. "In China,
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