Cotton market opens higher amid mixed session
New York May 7 The cotton market opened with a 2 to 4 point advance on higher cables, then saw selling by locals and mid session weakness with May easing while July and October held gains. Weather in the western belt was cool and wet, with forecasts for improving conditions. receipts at ports today were 8,936 bales.
MENTIONED IN THIS ARTICLE
New York
New Orleans
Houmon
Son
Cotton Market Slips on Abroad Quiet. Weather Bets Persist
May options eased after a day of mixed signals with large short interest in new crop and talk of bear positions. Spot sales rose as weather forecasts improved and receipts at Galveston, New Orleans, and Houston eyed higher arrivals. Liverpool and New York futures showed modest declines amid profit-taking and cautious sentiment on demand.
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Houston
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Naval
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Wheat Market Ends Quiet After Tight May Trade
Chicago May 7 wheat futures eased on profit taking and light May demand, with July slipping and near the day’s lows. Corn steadied then fell as Argentina crop hopes and local selling pressed prices, while oats held firm and provisions rose modestly on bullish meat and lard demand.
MENTIONED IN THIS ARTICLE
Chicago
Liverpool
Lter
Minneapolis
Duluth
Argentina
Cotton Market Shows Notable Improvement Amid Firm Cables
L. J. Anderson & Co reports a firmer market driven by better cables and bullish statistics. Trade expands with expected activity next week as crop news remains mixed and southern weather less favorable. Receipts stay small while spot interests push prices higher and buyers absorb most new cotton offered.
MENTIONED IN THIS ARTICLE
L. J. Anderson & Co
New York
Secretary Hester’s Weights Report For Cotton Crop
New Orleans on May 7 reports Secretary Hester’s actual average weight of 7 200 359 bales for the cotton crop, covering September through April, with prices down from last year and regional averages for Texas Louisiana Alabama Georgia and other states. Cotton seed oil markets and refined and crude oil prices are noted in various cities including Memphis New Orleans and New York with price ranges for prime crude and meals.
MENTIONED IN THIS ARTICLE
Hester
New Orleans
Texas
Louisiana
Alabama
Georgia
South Carolina
North Carolina
Virginia
Tennessee
Memphis
St. Louis
Overland
New York
B. Mills
Loowe
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