Sunday, 22 May 2011
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Howell: Profit-takers trim gains as cotton futures finish mixed
Mill fixations, bullish spreading and some fresh fund buying produced a mixed performance in cotton futures last week. Spot July surged to a 1,135-point gain for the week ended Thursday to close at 155.65 cents, while December finished even at 119.19 cents after bouncing 974 points from its May 13 low. March lost 126 points to 111.21 cents. Profit-taking trimmed gains. July at its high of
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