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Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

Friday, April 16, 2010
AFB Cotton Close: Expectations strong but will be influenced by worldwide economic recovery
AgFax.Com - Your Online Ag News Source
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Cotton
| Spot Price, Grade 41 Staple 34: | Memphis down 49 at 7526 | | | Greenwood down 49 at 7526 |
| New York Futures: | May | down | 49 | at | 8001 | | | July | down | 53 | at | 8159 | | | Oct | down | 34 | at | 7708 | | | Dec | up | 5 | at | 7594 | | | March 2011 | up | 30 | at | 7716 | | This week's LDP rate for cotton is | 0 cents | | | The estimate for next week is | 0 cents | Cotton Comment Cotton expectations remain strong but will be influenced by worldwide economic recovery. The market is looking at tightening U.S. and world stocks, while anticipating bigger plantings worldwide. Rally opportunities may be limited to planting time and early summer. A December close above 76 cents would suggest a retest of the contract high at 78.25 cents.
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