Cotton market dips to new lows on May futures trading
New York authorities report early session weakness as May and later cotton contracts fall under Liverpool pressure and hedges. Prices then rally modestly but close down small on January and February amid heavy selling, with July and May positions dipping while steady interior demand appears. Memphis reports 13,197,090 bales through January 1, with spot prices around middling gulf level.
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Cotton Markets Edge Lower Amid Oversold Relief
New Orleans and Savannah reports show steady to slightly lower cotton prices with mid and low middling quotes around 12 to 12 1/2 cents. Trading throughout the day reflected mixed demand, with gains eroded by selling pressure as mills reduced purchases and market sentiment remained cautious.
Market swings as cotton futures rally and decline
The report details a volatile day in cotton markets with March at 12 cents before a sell-off, then a swift rally as buyers re-entered. It notes expectations of Liverpool up, hedging activity, and shifting New York sentiment amid cautious demand and oversold conditions, plus financials and grain receipts data from St. Louis and Chicago.
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Saewees
Igna
Liverpool
Argentina rains send corn down in Chicago markets
Heavy rains in Argentina darken export prospects and depress corn futures in Chicago. Wheat and oats also fall amid bearish weather. Buenos Aires corn shipments total 708,000 bushels arriving at Galveston, while visible supply rises by 4.204 million bushels. Hog prices lift provisions briefly before corn sag resumes as buyers retreat.
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Chicago
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Areen King
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Ghicago
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Éoat
Stocks Advance Late In Session On Wall Street
New York trading closed with gains after a day of dull early activity. Union and several petroleum issues led the advance while Southern Pacific benefited from a strong fiscal year report. US bond demand showed undercurrents as rate calls cooled following Washington notes.
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Supreme Court
Moia
Money and Exchange in New York Amid Raise and Tension
The article notes a rising exchange rate and a tightening money market in New York. It highlights a 34 percent rate change, a 99 day window, and mentions sterling exchange as a key focus. It references commercial bills and railroad bonds, with monetary activity centered on sterling demand and related financial instruments.
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York
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Euser
Vea Duce Sterling
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