After declining in early December, cotton prices rebounded late in the month and into early January. Contracts for March New York futures fell from prices between 90 and 94 cents/Ib to levels below 87 cents/Ib in the first half of December. Following this decline, prices for March New York futures climbed higher to establish a new trading range between 93 and 97 cents/lb. Over the same time period, A Index values dipped below 93 cents/
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