CIJENE PAMUKA NA BURZI U NEW YORKU

U.S. pamuk prodaja na tržištu - 09. rujna 1996. _________________________________________________________________ Ukupna prodaja na 7 tržišta u SAD-u 7,805 ( 217 prijašnji dan) Prosiječna cijena 1-1/16 inch cotton 73,86 centi (75,11 prijašnji dan) _________________________________________________________________ NEW YORK - pamuk zatvaranje - 09. rujna 1996. _________________________________________________________________ MJE. ZADNJA OTVA NAJ- NAJ- ZATVA- NAGODBE RANJE VIŠA NIŽA RANJE OCT6 71.75 72.45 72.60 71.50 71.70 71.76 DEC6 72.85 73.50 73.65 72.65 72.81 72.85 MAR7 74.15 74.65 74.75 74.00 74.10 74.13 MAY7 74.95 75.40 75.45 74.95 74.85 74.90 JUL7 75.80 76.10 76.10 75.75 75.50 75.53 OCT7 76.00 75.35 76.00 76.00 76.00 76.05 DEC7 75.50 75.45 75.60 75.15 75.50 75.50 MAR8 76.25 76.20 76.25 76.25 76.40 76.45 MAY8 76.75 77.00 77.10 JUL8 77.20 77.30 77.40 NYCE cotton ends lower after Dunavant speech NEW YORK, Sept 9 (Reuter) - NYCE cotton futures ended lower Monday after a speech last week by closely watched cotton merchant William B. Dunavant cast a bearish light on the market. "Dunavant put a bearish spin on his speech and it was evident in the market early," one trader said. In his speech at the Western Cotton Conference in California Friday, Dunavant pegged U.S. 1996/97 cotton production at 18.65 million 480-lb bales and exports at 6.0 million bales, traders said He estimated ending stocks at 4.7 to 4.8 million bales. In August, USDA in their monthly report put production at 18.577 million bales, while exports were estimated at 6.6 million bales and ending stocks were seen at 4.0 million bales.. "The speech certainly started it all," said Prudential Securities cotton specialist Ernest Simon. "But mainly it was the realization that U.S. cotton is too highly priced and can not sell." Simon said Dunavant's low export figure, while in line with industry expectations, underscored the the problem of U.S. cotton's steep price relative to the rest of the world. The benchmark December contract settled 1.33 cents lower at 72.85 cents a lb after trading from 73.65 to 72.65. Front-month October ended down 1.34 at 71.76, while the back months finished 0.40 to 1.30 weaker. Meanwhile, traders and analysts await the September USDA crop report due Wednesday at 0830 EDT. Industry sources polled by Reuters said they expect the USDA's production forecast to come in between 18.3 million and 18.8 million 480-lb bales, with most expectations at the high end of the range. Market sources also await news on potential damage to the North and South Carolina cotton crops after Hurricane Fran swept through the region last week. "They have not really figured out the damage yet," said Simon. "There was some damage, but from what I'm hearing it was minimal." Simon also noted that North Carolina's cotton crop at about one million bales and South Carolina's at 400,000 bales were relatively small. Technically, traders pegged December support at 72.50-71.50, while resistance was seen near 74.20. Volume was estimated at 9,000 lots. 101209 MET sep 96