CIJENE PAMUKA NA BURZI U NEW YORKU

U.S. pamuk prodaja na tržištu - 10. ožujka 1997. _________________________________________________________________ Ukupna prodaja na 7 tržišta u SAD-u 11,262 (16,052 prijašnji dan) Prosiječna cijena 1-1/16 inch cotton 73,71 centi (72,98 prijašnji dan) _________________________________________________________________ NEW YORK - pamuk zatvaranje - 10. ožujka 1997. _________________________________________________________________ MJE. ZADNJA OTVA NAJ- NAJ- ZATVA- NAGODBE RANJE VIŠA NIŽA RANJE MAY7 77.90 76.85 78.25 76.55 77.90 77.95 JUL7 78.90 77.75 79.00 77.70 78.70 78.81 OCT7 78.10 77.70 78.25 77.70 78.10 78.10 DEC7 78.25 77.80 78.25 77.70 78.20 78.23 MAR8 78.90 78.50 78.95 78.63 78.75 78.87 MAY8 79.10 78.80 79.10 79.00 79.25 79.30 JUL8 79.00 79.55 79.60 OCT8 76.50 76.75 77.00 DEC8 75.75 75.90 75.95 MAR9 NYCE cotton ends up, specs buy ahead of USDA data NEW YORK, March 10 (Reuter) - NYCE cotton futures settled firmer after a rally in soybeans at the Chicago Board of Trade sparked buying of old-crop cotton futures, market sources said. "This appears to be speculative buying due to a CBOT rally," Sharon Johnson, an analyst with Frank Schneider and Co Inc, said. CBOT soybean futures rose the daily 30-cent-per bushel limit and soymeal futures climbed the $10-per-ton limit in afternoon trade. "There is no fundamental reason to warrant this rally," Johnson added. Indeed, industry sources expect few changes in Tuesday's supply and demand report. The U.S. Department of Agriculture will issue its montly data at 0830 EST. Analysts said the U.S. production estimate would remain unchanged at 18.95 million 480-lb bales, while the USDA could raise its export target from 6.5 million bales to as many as 6.8 million bales. But high prices could stymie cotton sales and prevent the U.S. from reaching even its current target, analysts warned. May cotton gained 1.03 cents on the day to close at 77.95 cents a lb, having ranged from 78.25 to 76.55 cents. The back months finished 0.93 to 0.05 cent higher. Firm resistance was seen at the contract high of 85.40 cents in May. Estimated volume reached 25,000 lots compared to Friday's official 30,225 lots. Following Tuesday's data, players will look towards the USDA's first official estimate of planted area for the 1997/98 crop, to guide activity. The report will be issued March 31. 111016 MET mar 97