CIJENE PAMUKA NA BURZI U NEW YORKU

U.S. pamuk prodaja na tržištu - 16. listopada 1997. _________________________________________________________________ Ukupna prodaja na 7 tržišta u SAD-u 2,413 ( 8,903 prijašnji dan) Prosiječna cijena 1-1/16 inch cotton 69,41 centi (69,30 prijašnji dan) _________________________________________________________________ NEW YORK - pamuk zatvaranje - 16. listopada 1997. _________________________________________________________________ MJE. ZADNJA OTVA NAJ- NAJ- ZATVA- NAGODBE RANJE VIŠA NIŽA RANJE DEC7 71.35 71.40 71.45 71.06 71.35 71.38 MAR8 72.85 72.75 72.85 72.60 72.80 72.82 MAY8 73.75 73.60 73.79 73.45 73.75 73.75 JUL8 74.40 74.45 74.50 74.35 74.40 74.47 OCT8 76.10 75.68 76.10 75.68 76.10 76.10 DEC8 76.20 75.90 76.35 75.90 76.20 76.21 MAR9 76.70 76.70 76.70 76.70 77.00 77.10 MAY9 77.30 77.10 77.30 77.30 77.65 77.75 JUL9 77.40 77.80 77.90 OCT9 NYCE cotton ends firmer in rangebound trade NEW YORK, Oct 16 (Reuters) - NYCE cotton futures drifted to a slightly higher close on Thursday, bolstered by an afternoon round of light speculative short-covering, dealers said. Earlier selling by speculators pushed the benchmark December contract to an intra-day low of 71.06 cents per lb, they said. But December's ability to hold chart support at 71.05-71.00 cents prompted them to turn around and cover their short positions. "I think it rallied at the end of the day because the guys that sold it became frustrated and started to cover," said one trader. "Also I think locals went long in anticipation of the export report." The USDA's weekly export figures due on Friday at 0830 EDT are expected to show fairly strong sales. Traders expect new sales on the week to come in at some 150,000 bales. December cotton ended at 71.38 cents, up 0.16 cent and just below the high of 71.45 cents. The rest of the board ended up 0.17 to 0.57 cent. Technically, traders pegged December resistance near 72.10 cents. After 71.05-71.00 cents, they said December would find support at 70.80 cents, its life-of-contract low. One trader said a strong showing in the forward months -- most notably the December 1998 contract -- could reflect uncertainty about the impact of the El Nino weather pattern on world cotton crops. "Red December is very strong, I think, on concerns about El Nino's long-term effects," he said. "It can cause drought in Australia or rains in India." El Nino, a phenomenon associated with warming sea surface temperatures in the southern Pacific Ocean, has caused havoc in global weather in the past and has been cited as the cause of droughts as well as flooding and storms. Volume reached an estimated 6,500 lots, down from Wednesday's offical tally of 7,673 lots. 171049 MET oct 97