CIJENE PAMUKA NA BURZI U NEW YORKU

U.S. pamuk prodaja na tržištu - 10. studenoga 1997. _________________________________________________________________ Ukupna prodaja na 7 tržišta u SAD-u 25,185 (20,559 prijašnji dan) Prosiječna cijena 1-1/16 inch cotton 68,52 centi (70,05 prijašnji dan) _________________________________________________________________ NEW YORK - pamuk zatvaranje - 10. studenoga 1997. _________________________________________________________________ MJE. ZADNJA OTVA NAJ- NAJ- ZATVA- NAGODBE RANJE VIŠA NIŽA RANJE DEC7 69.90 69.65 71.00 69.65 69.90 69.93 MAR8 71.55 71.80 72.25 71.30 71.55 71.57 MAY8 72.65 72.95 73.20 72.41 72.55 72.56 JUL8 73.45 74.05 74.30 73.45 73.45 73.45 OCT8 74.75 75.05 75.05 74.75 74.60 74.63 DEC8 75.15 75.25 75.50 74.85 75.00 75.09 MAR9 76.00 76.25 76.05 76.00 76.00 76.03 MAY9 76.70 76.40 76.43 JUL9 76.70 76.80 76.85 OCT9 77.05 76.50 77.05 77.05 76.50 76.63 NYCE cotton ends weaker on USDA crop output data NEW YORK, Nov 10 (Reuters) -NYCE cotton futures finished lower, notching contract lows in the four front months following a bearishly-construed USDA crop production report, traders and analysts said. December cotton lost 2.14 cents a lb to end at 69.93 cents while nearby March was off 1.69 cents at 71.57 cents. "It was all the report," one cotton trader said. U.S. Department of Agriculture early Monday pegged the 1997/98 U.S. cotton crop at 18.85 million bales, about 300,000 bales more than what the trade had anticipated and higher than the October projection of 18.41 million bales, one trader said. Last year, 18.94 million bales were harvested. Analysts and traders said the trade was a big seller in heavy volume as about 37,000 lots changed hands. Not only was the U.S. cotton crop larger-than-expected but the 1997/98 Chinese crop was estimated at 18 million bales, 500,000 bales up from the October projection. "Many in the trade did not feel that the USDA would increase the Chinese crop as much as they did," Mississippi State University cotton marketing specialist O.A. Cleveland said. Analysts and merchants said production was weighing on the market. "It was reasonable to assume that the these lower physical prices will increase reluctance on the part of U.S. cotton growers to price their current crop," said one. 111105 MET nov 97