Liverpool Spot Sales Lead Cotton Market Rally
New York January 4 cotton market showed firmer tone with a 10 to 18 point gain as Liverpool spot activity and improved demand buoyed prices. Volume reached about 375,000 bales with forecasts of bullish ginners’ report and Russian situation improvements supporting gains before late pressure pulled spots to near opening levels.
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Markets Record Mixed Cotton and Grain Activity
Cotton futures rise on improved spot demand and ginners optimism while reports of bearish insider rumors temper gains. Wheat and corn futures climb on Argentina weather and port delays. stocks show strength with money rates easing, copper lagging in New York trading.
Market News Shows Mixed Grain and Commodities Trends
Fresh reports from Argentina on wet weather bolster wheat, with May futures up in Chicago while corn gains moderate and oats hold. Wheat, corn, oats, and hogs react to global supply data and demand, with Liverpool prices and London metal markets noted. The treasury reports balanced cash balances and gold reserves.
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