CIJENE PAMUKA NA BURZI U NEW YORKU

U.S. pamuk prodaja na tržištu - 08. rujna 1997. _________________________________________________________________ Ukupna prodaja na 7 tržišta u SAD-u 5,455 (10,340 prijašnji dan) Prosiječna cijena 1-1/16 inch cotton 70,73 centi (70,35 prijašnji dan) _________________________________________________________________ NEW YORK - pamuk zatvaranje - 08. rujna 1997. _________________________________________________________________ MJE. ZADNJA OTVA NAJ- NAJ- ZATVA- NAGODBE RANJE VIŠA NIŽA RANJE OCT7 72.95 72.55 73.05 72.30 72.95 72.97 DEC7 73.12 72.61 73.15 72.32 73.05 73.12 MAR8 74.50 73.87 74.50 73.65 74.40 74.48 MAY8 74.70 74.45 74.80 74.35 74.95 75.00 JUL8 75.60 75.30 75.60 75.20 75.60 75.60 OCT8 75.50 75.00 75.50 75.50 75.50 75.50 DEC8 74.94 74.60 74.94 74.50 74.75 74.78 MAR9 75.60 75.30 75.60 75.60 75.90 75.93 MAY9 75.60 76.20 76.23 JUL9 76.00 76.60 76.63 NYCE cotton recoups early losses, ends firmer NEW YORK, Sept 8 (Reuter) - NYCE cotton futures settled firmer and toward session highs on Monday, bolstered by an afternoon round of speculative short-covering, traders said. They said today's upturn was viewed mainly as a technical correction following the market's steady grind lower and the benchmark December's slump on Friday to new life-of-contract lows. "It's been down here in the doldrums for so long, it needed a little correction," said one trader. "We saw a lot of bottom-picking." Persistant trade selling pushed December cotton to a session low of 72.32 cents per lb in the morning, but scale-down mill buying stemmed losses and kept December from breaching its lifetime low of 72.30 cents. December settled at 73.12 cents a lb, up 0.51 cents and just beneath the session peak of 73.15 cents. The rest of the board gained 0.32 to 0.56 cent. Technically, firm resistance was seen at last Wednesday's high of 73.73 cents followed by 74.00 cents. A move over those key levels is expected to prompt the funds to cover an extremely heavy net short position. Traders anticipate the weekly spec/hedge report set for release early Tuesday will show speculators with a 28 percent net short position, up slightly from some 25 percent net short position last week. After Monday's close, the USDA reported 60 percent of the U.S. cotton crop was in good to excellent condition -- unchanged from last week. Some traders had expected the USDA crop conditions report to show a slight deterioration in the U.S. crop due to recent hot weather in Texas. Traders await the September 12 USDA supply and demand report, which has dampened sentiment because it is expected to show an increase in estimated output for the 1997/98 U.S. cotton crop. Preliminary forecasts have put the U.S. crop at 18.0-18.4 million bales, up from the August USDA estimate of 17.8 million bales. Volume was fairly light at an estimated 5,000 lots -- less than half of Friday's official tally of 10,015 lots. 091041 MET sep 97