CIJENE PAMUKA NA BURZI U NEW YORKU

U.S. pamuk prodaja na tržištu - 22. listopada 1996. _________________________________________________________________ Ukupna prodaja na 7 tržišta u SAD-u 2,955 ( 3,935 prijašnji dan) Prosiječna cijena 1-1/16 inch cotton 70,74 centi (70,05 prijašnji dan) _________________________________________________________________ NEW YORK - pamuk zatvaranje - 22. listopada 1996. _________________________________________________________________ MJE. ZADNJA OTVA NAJ- NAJ- ZATVA- NAGODBE RANJE VIŠA NIŽA RANJE DEC6 72.90 72.40 73.50 72.40 72.85 72.88 MAR7 74.33 73.85 74.75 73.85 74.30 74.33 MAY7 75.30 74.80 75.50 74.80 75.30 75.30 JUL7 76.10 75.60 76.35 75.60 76.05 76.10 OCT7 76.20 75.80 76.20 76.00 76.20 76.20 DEC7 76.05 75.90 76.20 75.85 76.05 76.05 MAR8 76.60 77.05 77.05 MAY8 77.00 77.40 77.45 JUL8 77.25 77.50 77.55 OCT8 76.25 76.00 76.25 NYCE cotton ends firmer and above key resistance NEW YORK, Oct 22 (Reuter) - NYCE cotton futures continued to rack up gains but closed a heavy session below resistance at 73.00 cents a lb for December delivery. The contract ended up 0.96 at 72.88, having ranged from 73.50 to 72.40. The back months closed 1.22 higher to 0.35 lower. Volume was estimated at 11,000 lots. Market sources attributed gains to cold temperatures in West Texas and an anticipated technical correction. "The impending freeze in West Texas scared the market, coupled with the the expected technical rally," said O.A. Cleveland, a cotton marketing specialist with Mississippi State University. But prices are not likely to climb much higher in the face of high world output and slack demand, analysts said. The December contract could fall into the 60.00 centper lb range over after the U.S. Department of Agriculture releases its next supply and demand report November 12. Suport was pegged at 70.50, the contract low in December. In Texas, cotton is progressing ahead of schedule with 87 percent of the bolls open compared with an average of 75 percent. But "the open bolls are vulnerable to moisture and with cold air, any kind of snowfall would burn the plants as well," said Smith Barney meteorologist Jon Davis. He said conditions should be monitored over the next two weeks. In the Delta, continued rain is likely to dampen the quality of the crop. 231133 MET oct 96