CIJENE PAMUKA NA BURZI U NEW YORKU

U.S. pamuk prodaja na tržištu - 11. rujna 1997. _________________________________________________________________ Ukupna prodaja na 7 tržišta u SAD-u 4,293 ( 6,444 prijašnji dan) Prosiječna cijena 1-1/16 inch cotton 70,43 centi (70,63 prijašnji dan) _________________________________________________________________ NEW YORK - pamuk zatvaranje - 11. rujna 1997. _________________________________________________________________ MJE. ZADNJA OTVA NAJ- NAJ- ZATVA- NAGODBE RANJE VIŠA NIŽA RANJE OCT7 72.50 72.65 72.70 72.39 72.50 72.55 DEC7 72.70 72.65 72.86 72.45 72.65 72.70 MAR8 73.85 73.85 74.05 73.70 73.85 73.89 MAY8 74.70 74.62 74.70 74.50 74.70 74.70 JUL8 75.15 75.25 75.30 75.15 75.15 75.19 OCT8 75.55 75.25 75.55 75.55 75.35 75.43 DEC8 75.00 74.75 75.00 74.76 74.76 74.80 MAR9 75.75 75.90 75.95 MAY9 76.00 76.20 76.25 JUL9 76.50 76.60 76.65 NYCE cotton ends lower ahead of USDA report NEW YORK, Sept 11 (Reuter) - NYCE cotton futures ended weaker in modest trade on Thursday, pressured by speculative and light trade selling ahead of the USDA's monthly supply/demand report, traders said. Most analysts and traders expect the USDA's September forecast for the 1997/98 U.S. crop -- which was pegged 17.8 million bales in the USDA August report -- to show a modest increase in output due to improved crop conditions in the southwestern U.S. They anticipate the USDA will put this year's harvest at between 17.7 and 18.4 million bales, with the majority of estimates clustered around 17.9 million bales. USDA's September estimate is slated for release at 0830 EDT/1230 GMT on Friday. Traders said an USDA estimate between 17.9 million and 18.1 million bales would be viewed as neutral. "I'm comfortable with 17.9 to 18.1 estimate," said one trader. "If the number comes in outside that range, we will see some reaction." On Thursday, benchmark December cotton closed 0.20 cent per lb lower, at 72.70 cents, after ranging between 72.86 and 72.45 cents. The rest of the board fell 0.05 to 0.31 cent. Cotton futures headed lower at the outset, pressured by local selling on less-than-impressive weekly export figures, traders said. USDA reported before the open bell that net sales of 1997/98 upland cotton in the week ended September 4 reached 69,100 running bales -- a fraction of last week's marketing-year high of 295,000 bales. New sales for the week were 79,400 bales -- a sharp drop from the previous week's 316,000 bales. But the December contract found good chart support near the session low of 72.45 -- which was also the low reached on Tuesday, prompting some locals to cover their short positions, traders said. Technically, traders said a bearish USDA report would likely push December through 72.45 cents and test its life-of-contract low of 72.30 cents. On the upside, resistance was seen near 73.50 cents, with a crucial upside target seen at 74.00 cents. Volume reached an estimated 5,000 lots, up from Wednesday's official tally of 4,554 lots. 121118 MET sep 97