Cotton on Spot Sharp Rise as Market Closes Firm
New Orleans January 22 spot cotton demand and improved supply push prices higher. Futures in New York show gains with market volatile yet overall firm, liquidity heavy from bull support and mixed receipts. New Orleans reports active buying and strong spot prices around middling to 16 cents.
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Closing Bond Quotations and Liverpool Cotton Market
Bond prices across multiple rail and utility issues show varied activity with some issues firming, including Chicago and Northwestern and New York Central. Liverpool cotton futures and spot markets rise amid strong demand, with futures closing barely steady after a sharp daytime ascent aided by United States and speculator buying.
Record Cotton Market Rally Surges to New Highs
The New Orleans and New York cotton markets surged with bullish demand. Prices hit new records as May and July futures rose, spurred by strong buying from brokers and exporters. Receipts remained light, signaling tight supply and hopeful upside.
Bearish bear talk in early wheat news with firmer tops
Chicago markets show May wheat trading from 88 to 90 cents, with July around 82 to 84 cents as investors weigh fresh rains in Argentina, cold western weather and mixed cash demand. Reports note strong cash bids in Minneapolis, Argentina rain, and ongoing weather fears affecting brewing crops while corn and oats move with wheat.
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Grain Markets Show Mixed Signals Across Commodities
Chicago and Liverpool price reports indicate manipulation and quiet trading in wheat and corn while oats stay steady. Provisions soften then recover with hog receipts propping up the day. traders hedge as May and July positions shift amid a dull afternoon in cash markets.
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Atlanta Brokerage Co
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