CIJENE PAMUKA NA BURZI U NEW YORKU

U.S. pamuk prodaja na tržištu - 08. listopada 1997. _________________________________________________________________ Ukupna prodaja na 7 tržišta u SAD-u 5,252 ( 1,968 prijašnji dan) Prosiječna cijena 1-1/16 inch cotton 69,31 centi (69,24 prijašnji dan) _________________________________________________________________ NEW YORK - pamuk zatvaranje - 08. listopada 1997. _________________________________________________________________ MJE. ZADNJA OTVA NAJ- NAJ- ZATVA- NAGODBE RANJE VIŠA NIŽA RANJE OCT7 69.00 68.95 69.00 68.90 68.50 68.75 DEC7 71.36 71.25 71.57 71.21 71.36 71.38 MAR8 72.80 72.75 72.95 72.68 72.80 72.80 MAY8 73.65 73.50 73.75 73.50 73.60 73.63 JUL8 74.40 74.30 74.55 74.30 74.40 74.40 OCT8 75.60 75.10 75.65 75.50 75.10 75.30 DEC8 75.65 75.30 75.80 75.30 75.65 75.65 MAR9 76.25 76.10 76.25 76.10 76.35 76.40 MAY9 77.10 76.60 77.10 77.10 77.00 77.25 JUL9 77.00 77.50 77.75 NYCE cotton ends firmer, but off session highs NEW YORK, Oct 8 (Reuter) - NYCE cotton futures ended firmer in quiet trading on Wednesday, lifted by speculative buying in a continued technical correction following Tuesday morning's slide to new life-of-contract lows, traders said. Prices settled below intra-day highs, however, as lack of follow-through buying above resistance near 71.50 cents per lb basis December prompted speculators to turn around and liquidate positions, they said. "The specs were on both sides," said one trader. "They went long looking for the market to take off above 71.50, but there was very little follow-through so they liquidated." The active December contract ended 0.19 cent higher at 71.38 cents, near the middle of a 71.57-71.21 range. The rest of the board ended up 0.15 to 0.45 cent. Some traders said the market was also bolstered by expectations of strong weekly export sales. They anticipate new sales to come in between 150,000 and 200,000 bales. The USDA will release the weekly export data on Thursday morning before the opening bell. "I think we are doing export business and have maintained steady business," said another trader. "And when prices dip, we do more business which has helped the market. It shows U.S. cotton is competitively priced." Traders and analysts said the market is likely to continue to trade quietly ahead of the USDA's October crop production report due before the market opens on Friday. Estimates for U.S. cotton production have range widely between 18.00 million and 18.8 million bales. In September, the USDA pegged the crop at 18.4 million bales. Market participants looking for a reduction in the USDA's U.S. figure argue adverse weather in the southeast and Delta have hurt yields. Some traders also suggested the USDA may have overshot the production estimate in September. Those traders anticipating an increase in the USDA's U.S. output forecast said early harvesting results show better-than-expected yields. Some traders also noted a hefty crop in Texas could offset losses in the southeast or Delta. Technically, traders pegged December resistance at 72.00-72.10 cents. Support was seen at 71.00 cents, followed by December's life-of-contract low of 70.80 cents. Volume on Wednesday reached an estimated 6,300 lots, down from Tuesday's official tally of 10,242 lots. 091151 MET oct 97