CIJENE PAMUKA NA BURZI U NEW YORKU

U.S. pamuk prodaja na tržištu - 07. studenoga 1997. _________________________________________________________________ Ukupna prodaja na 7 tržišta u SAD-u 20,559 (32,154 prijašnji dan) Prosiječna cijena 1-1/16 inch cotton 70,05 centi (70,03 prijašnji dan) _________________________________________________________________ NEW YORK - pamuk zatvaranje - 07. studenoga 1997. _________________________________________________________________ MJE. ZADNJA OTVA NAJ- NAJ- ZATVA- NAGODBE RANJE VIŠA NIŽA RANJE DEC7 72.10 71.91 72.15 71.85 72.02 72.07 MAR8 73.27 73.10 73.35 73.10 73.25 73.26 MAY8 74.20 73.95 74.22 73.95 74.10 74.11 JUL8 74.85 74.70 74.85 74.65 74.80 74.81 OCT8 75.50 75.30 75.50 75.30 75.30 75.35 DEC8 75.55 75.50 75.70 75.40 75.55 75.55 MAR9 76.30 76.40 76.45 MAY9 76.70 76.95 77.00 JUL9 77.00 77.30 77.40 OCT9 76.50 76.50 77.00 NYCE cotton ends barely changed ahead of USDA data NEW YORK, Nov 7 (Reuters) - NYCE cotton futures finished mostly a touch lower in sideways trading Friday as dealers awaited Monday's November USDA world production report. "It was very boring," said one trader. "Everyone's waiting for this crop report to come out." Options-related activity ahead of today's December options expiry also kept prices rangebound, with spot December futures gravitating toward the 72.00-cent strike price. December cotton settled off 0.02 cent at 72.07 cents a lb after ranging from 72.15 to 71.85 cents. Second-month March closed 0.09 cent weaker at 73.26 cents, while the rest of the board ended down 0.15 to up 0.01 cent. USDA will release its November world production report Monday at 0830 EST/1330 GMT. Industry estimates for this year's U.S. cotton crop have ranged between 18.17 million and 18.67 million bales compared with the USDA's October forecast of 18.41 million bales. While most analysts agreed that heavy rains will cut yields in U.S. southeastern cotton-growing regions, they were divided on whether better output in other areas of the cotton belt would be enough to offset losses in the southeast. However, analysts were nearly unanimous in their estimate for an increase in U.S. exports due to strong sales. The USDA October forecast pegged exports at 6.9 million bales. But some market participants remained wary of the possible effects that financial turmoil in Asia would have on U.S. exports. "Demand is good, but there's so much uncertainty," said another trader. "The biggest factor is unknown in what's happening over in Asia." On Friday, Asian stocks nosedived as currency jitters shook South Korea and high interest rates and falling property prices rattled Hong Kong. Hong Kong's Hang Seng Index finished down 2.96 percent, or 308.06 points, at 10,104.50, while Korean stocks fell 6.90 percent. In Tokyo, the Nikkei 225-share index ended 4.22 percent, or 697.51 points, lower at 15,836.36. Technically, traders said December support was seen near today's low at 71.85. Resistance was pegged at 72.50 cents, followed by 73.00 cents. Volume reached an estimated 12,500 lots, compared with Thursday's total of 10,361 lots. 101055 MET nov 97