U.S. pamuk prodaja na tržištu - 10. veljače 1997.
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Ukupna prodaja na 7 tržišta
u SAD-u 18,182 (29,165 prijašnji dan)
Prosiječna cijena 1-1/16 inch cotton
70,40 centi (70,63 prijašnji dan)
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NEW YORK - pamuk zatvaranje - 11. veljače 1997.
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MJE. ZADNJA OTVA NAJ- NAJ- ZATVA- NAGODBE
RANJE VIŠA NIŽA RANJE
MAR7 73.90 74.20 74.40 73.40 73.80 73.85
MAY7 75.40 75.60 75.85 75.06 75.30 75.37
JUL7 76.45 76.51 76.85 76.20 76.35 76.35
OCT7 76.40 76.75 76.85 76.40 76.40 76.40
DEC7 76.50 76.75 76.95 76.30 76.50 76.55
MAR8 77.65 77.65 77.75 77.65 77.30 77.35
MAY8 78.25 78.20 78.25 78.25 78.00 78.12
JUL8 78.60 78.50 78.70 78.50 78.60 78.65
OCT8 77.00 77.00 77.30
DEC8 76.00 75.70 75.90
NYCE cotton settles lower ahead of USDA Feb report
NEW YORK, Feb 11 Reuter) - NYCE cotton futures settled
weaker on speculative and fund selling ahead of USDA's
February supply and demand estimates.
Analysts expect USDA to raise its forecast for 1996/97
exports to between 6.4 million and 6.6 million bales, from 6.3
million bales in January.
USDA will issue its report Wednesday at 0830 EST.
Despite bullish fundamental expectations, technical trade
pushed the spot-March contract through several support
targets.
The contract fell under support at 73.50 cents a lb to a
low of 73.40 cents. Traders pegged support below that level at
73.20 and then at 73.00 cents.
The persistent selling eroded trade buying, which had held
prices earlier in the session, floor sources said.
March closed down 0.41 cent at 73.85 cents after trading
from 74.40 to 73.40 cents. The back months ended down 0.57 to
0.27 in volume estimated at 15,000 lots.
Analysts said recent U.S. sales and dwindling foreign
supplies could prompt USDA to raise its export forecast to
between 6.4 million and 6.6 million 480-lb bales, from 6.3
million bales in January.
120953 MET feb 97
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