Liverpool Cotton Market Slips Amid Weak New York Trade
New York on March 10 noted the cotton market easing as spot prices fell and active months dropped about 8 to 10 points under pressure from disappointing U.S. figures and bearish weather in the South. New Orleans reports weak prices for March cotton with futures down and heavy selling, while dry goods show mixed strength and forward-selling. Liverpool’s weekly statistics show falling exports and steady imports, with speculation active and prices near opening levels. Subbard Bros & Co. summarize another day of lower prices driven by Liverpool’s decline, but with underlying trade demand intact and covers rising as selling abates.
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Grain Stocks Dull—Wheat Prices Rally On Report
A government crop report showing farm wheat reserves at about 188.4 million bushels, 22.9 percent of the total, spurred a strong wheat market. May delivery closed up 3.6 cents with active gains in corn and oats, while pre-report trading was quiet. Clearances of wheat and flour totaled 494,800 bushels. Primary receipts ran about 488,000 bushels amid mixed regional reports.
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Stocks and Cattle Market Amid Corn and Wheat Prices
Commodity markets showed strong gains in corn and wheat as higher prices and bullish government reserve data influenced trading. Corn notes indicate 1.308 billion bushels held by farmers, wheat futures fluctuated with May advancing to mid-40s, while hogs and cattle saw varied moves. cotton remained subdued amid large domestic and international activity and shifting demand signals.
Cotton Market Prices Fall Amid Higher Receipts
L. J. Anderson & Co report the cotton market failed to advance as receipts remained larger than anticipated. Week figures showed some bullish tendencies but expectations of a larger drop in visible supply did not materialize, keeping prices subdued.
MENTIONED IN THIS ARTICLE
L. J. Anderson & Co
Grain Market Report From Liverpool on March 10
Liverpool Grain Market reports wheat spot nominal with futures quiet. March prices 6s 5 3 4d, May 65 3 44d, July 4 5 8d. Corn spot steady with American mixed new 48 1d, American mixed old 7 1b. Futures quiet with March 3s 3 40d and 4s 1 5 84d.
MENTIONED IN THIS ARTICLE
Liverpool
Cotton market weakens as bears hammer prices
R Siedenburg & Co reports a 5 to 6 point decline in liver pool opening and a broad weakness in the local market. Bears exploit the opportunity to press prices as Wall Street speculators and investors reportedly liquidate holdings amid late day selling and heavy spot buying.
Cotton markets steady as favorable weather eyed for week
The Cotton market showed early strength tied to favorable southern weather and fund support but profits from shorts trimmed gains. Prices firmed briefly on storms fears, with Liverpool expected lower Monday. Spot markets remained steady amid large visible supply and cautious demand driven by census and weather outlooks.
MENTIONED IN THIS ARTICLE
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