CIJENE PAMUKA U NA AMERIČKOM TRŽIŠTU

CIJENE PAMUKA U NA AMERIČKOM TRŽIŠTU U.S. pamuk prodaja na tržištu - 10. veljače 1998. _________________________________________________________________ Ukupna prodaja na 7 tržišta u SAD-u 68,110 ( 11,496 prijašnji dan) Prosiječna cijena 1-1/16 inch cotton 64,84 centi (64,29 prijašnji dan) _________________________________________________________________ NEW YORK - pamuk zatvaranje - 10. veljače 1998. _________________________________________________________________ MJE. ZADNJA OTVA NAJ- NAJ- ZATVA- NAGODBE RANJE VIŠA NIŽA RANJE MAR8 67.60 67.40 67.97 67.20 67.45 67.53 MAY8 68.85 68.68 69.25 68.51 68.80 68.83 JUL8 70.15 69.90 70.50 69.65 70.05 70.06 OCT8 72.30 71.94 72.30 71.80 72.05 72.10 DEC8 73.26 73.10 73.60 73.00 73.30 73.32 MAR9 74.50 74.05 74.50 74.40 74.35 74.38 MAY9 75.00 74.55 75.00 75.00 74.85 74.88 JUL9 75.30 74.90 75.30 75.30 75.30 75.35 OCT9 72.95 72.80 73.05 DEC9 72.25 72.75 73.00 NYCE cotton ends firmer ahead of USDA report NEW YORK, Feb 10 (Reuters) - NYCE cotton futures ended modestly higher Tuesday but off session peaks, after an afternoon run-up on speculative shortcovering ran into selling by the trade, dealers said. Benchmark March cotton closed 0.07 cent firmer, at 67.53 cents, after ranging between 67.97 and 67.20 cents. Second-month May rose 0.12 cent to 68.83 cents, while the remaining months finished up 0.24 to down 0.10 cent. Cotton prices headed lower from the outset, as the market pulled back on the heels of Monday's rally to near five-week highs. Traders said a mixture of light trade and speculative selling pressured prices. Local shortcovering at the lows, however, prompted a reversal and pushed the March contract through nearby chart resistance at 67.50 cents. But steady trade selling emerged toward the highs, preventing a breach of the next resistance at 68 cents and driving the market toward unchanged by the close. "I think it was a technically driven market today," said one trader. "There really wasn't much else." Traders await the USDA's monthly world supply/demand figures for February. Most industry analysts expect USDA to increase its estimate for 1997/98 U.S. exports by some 100,000 to 200,000 bales. In January, USDA pegged 1997/98 U.S. exports to 7.3 million bales. Analysts said USDA's February 1997/98 U.S. cotton production estimate will probably be little changed from last month's forecast of 18.977 million bales. ""I think the USDA will eventually lower the U.S. crop, but they'll probably wait until May," said Smith Barney vice president David Brandon. "I think the USDA will raise exports 100,000 to 150,000, which will cut ending stocks." In January, USDA pegged U.S. ending stocks at 4.3 million bales. USDA will release its February report on Feb 11 at 0830 EST/1330 GMT. Traders also await the weekly spec/hedge report slated for release ahead of Wednesday's open. Most traders expect the NYCE data to a reduction in the speculative net short position to under 20 percent, compared with 24 percent the previous week. Volume Tuesday reached an estimated 19,000 lots, up from Monday's official tally of 15,816 lots. 111148 MET feb 98