CIJENE PAMUKA NA BURZI U NEW YORKU

U.S. pamuk prodaja na tržištu - 12. kolovoza 1997. _________________________________________________________________ Ukupna prodaja na 7 tržišta u SAD-u 581 ( 123 prijašnji dan) Prosiječna cijena 1-1/16 inch cotton 72,35 centi (71,29 prijašnji dan) _________________________________________________________________ NEW YORK - pamuk zatvaranje - 12. kolovoza 1997. _________________________________________________________________ MJE. ZADNJA OTVA NAJ- NAJ- ZATVA- NAGODBE RANJE VIŠA NIŽA RANJE OCT7 74.81 74.25 74.95 74.20 74.75 74.79 DEC7 74.80 74.30 74.95 74.26 74.75 74.78 MAR8 76.20 75.60 76.22 75.60 76.10 76.15 MAY8 76.16 76.20 76.20 76.16 76.73 76.75 JUL8 77.35 76.50 77.55 76.85 77.30 77.33 OCT8 75.40 75.15 75.60 75.15 75.40 75.40 DEC8 74.50 74.25 74.55 74.20 74.50 74.50 MAR9 75.20 75.60 75.70 MAY9 75.50 75.90 76.00 JUL9 75.75 76.20 76.30 NYCE cotton ends firmer amid brisk fund buying NEW YORK, Aug 12 (Reuter) - NYCE cotton futures closed higher and over key resistance on USDA's monthly supply and demand report, market sources said. USDA trimmed its estimate of the 1997/98 U.S. crop to 17.8 million bales from 18.0 million bales in July, prompting cautious buying on the open and the re-open. Speculative shortcovering emerged when December broke through its upside target of 74.50 cents a lb and carried the contract to the day's high of 74.95 cents amid a lack of trade selling. "Every time the market dipped it has been the ring taking profits but there has been very little trade selling," a floor source said. Dealers added that limit-up CBOT corn prices supported cotton futures. They pegged the next upside target at 75.20 cents followed by 76.00 cents for December delivery. Most-active December cotton ended up 1.02 cents at 74.78 cents after trading from 74.95 to 74.26 cents. The rest closed 1.08 to 0.55 higher. An estimated 18,000 lots changed hands against Monday's official tally of 13,133 lots. Some analysts believe that recent hot temperatures and good moisture levels could result in a larger crop than the USDA has forecast. "After the rains (production) could be more," said Ernest Simon, vice president with Prudential Securities. Weather reports from U.S. producer states revealed that scattered showers improved growing conditions, National Aricultural Statistics Service said. In Mississippi, the weather has sped the development of the crop which was planted late in the season while insect pressure has remained light. Hot temperatures in Texas prompted bolls to open in the Blacklands and the central part of the state. 131029 MET aug 97