I think you can choose the suitable cursor by handling these topics:
1) Do the user know he can move the elements?
Probably it's mentioned in the action title, instruction - but they are overseen likely. Thus the grab/move cursor should do the job. The resize could be misleading
2) Do the user want do reorder ?
This strongly depends on the meaning of the elements to reorder. Thus they are in order and can be reordered (in one axis) I do not now whether the user want to try to arrange them in nonlinear order. Why should he? There is no top10 list with parallel items :-)
3) Does the user need to be taught there is only one axis?
see 2). I think the human / users mind is fast enough to see there is only a linear order an he can drag and drop the items to the desired order.
In my opinion this leads to the grab icon. This is the most intuitive for the first action (Drag / Grab / Pick up) and the user will rapidly see what to do with this in the second action (move in one axis)