New York Cotton Market Sees Nervous Decline In Prices
The New York cotton market opened steady and fell under pressure as near month contracts led by May amid rumors of a bull liquidation and weather forecasts showing better conditions for replanting. Receipts at New Orleans and Houston were reported, while Havre news and a first notice day approached in May kept traders cautious and prices fluctuated before closing steady for the day.
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Reports From Kansas Made Grain Advance
Kansas wheat acreage reports show a jump in 1917 wheat prospects as the state forecast a maximum yield near 44,000,000 bushels, down from last year. Prices rallied while corn and oats fluctuated, with traders watching crop damage reports and weather.
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