Cotton Market Soars on Busy Trade in New York
New York and New Orleans report a volatile but strong cotton day with a 60 point net gain, aided by bullish weather reports and a larger than expected weekly shipment tally. Brokers moved over 100,000 bales early as prices climbed to new highs before a late pullback. receipts and futures shifted with 330,000 bales weekly volume and New Orleans spot closes higher by 9 points.
MENTIONED IN THIS ARTICLE
New York
Liverpool Bulls
Southern Wire Houses
New Orleans
Wall Street
Census Bureau
Houston
Journal of Commerce
Mobile
Gotton
Wheat Prices Fall on Widening World Supply
The Chicago market closed lower as wheat futures for December shed about a half to three quarters of a cent amid a 10 million bushel rise in world visible supply. Corn and provisions also dipped with receipts strengthening and favorable weather aiding movement. Trading remained bearish through the session with a large trader reportedly holding about 2 million bushels absorbing early pressure.
MENTIONED IN THIS ARTICLE
Chicago
Aaid
Minneapolis
Duluth
Northwest
Lovai
Stocks and bonds and market notes from Chicago table
A condensed report lists Colorado Industrial Colorado Midland Colorado and Southern Cuba Denver and Rio Grande Erie 4s and other bonds with price quotes. It also shows a Chicago table of open high low and close for Wheat Corn Cotton and various railroad and steel issues, plus receipts shipments and agricultural grain data for October, including forecasts for New Orleans Galveston and Houston, and market commentary on Reading United States Steel Distillers Cuban situation and general optimism about future directions.
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Western
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Central
Ft Ne Jersey
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Mil
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Denver
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Wheat and Corn Prices Slip Amid Market Weakness in October
The Chicago wheat market fell about 1 cent as strong interests supported prices but bulls lost courage due to increased world supply and foreign indifference. Corn showed relative weakness with favorable crop conditions and softer shipping demand. London Americans opened firm, with advances aided by dividend anticipation and New York advice. German and Paris markets edged mid-range. Weather notes, treasury data, and Liverpool grain signals accompany the day’s trading context.
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Chicago
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