MP_CN001                            0
MEMPHIS, TN                 12/12/2018       USDA Cotton and Tobacco Program, MND

       MARKET        41-4/34 31-3/35  BALES    FUTURES     TODAY
                                                Mar-19     79.97
SOUTHEAST             77.97   80.22     0       May-19     81.01
NORTH DELTA           77.22   78.97     0       Jul-19     81.55
SOUTH DELTA           77.22   78.97     0       Oct-19     78.55
EAST TX-OK            73.97   76.47    2078     Dec-19     77.73
WEST TEXAS            73.97   76.72    4056     Mar-20     78.41
DESERT SW             73.72   77.97    500      May-20     78.93
SJ VALLEY             74.22   83.12     0       Jul-20     79.17
                                                Oct-20     75.94
AVERAGE               75.47   78.92    6634     Dec-20     75.31
COTTON QUOTATIONS FOR SELECTED QUALITIES                   MIKE             STRENGTH
                                                         24 & Belo -2475   19.0 - 19.9   -300
EAST TX-OK            31-3    41-4     32-3      42-4      25-26   -2475   20.0 - 20.9   -300
      STAPLE 32       -350    -425     -700      -775      27-29   -1600   21.0 - 21.9   -275
      STAPLE 33       -150    -325     -525      -675      30-32   -1250   22.0 - 22.9   -250
      STAPLE 34        125      0      -125      -200      33-34   -1025   23.0 - 23.9   -225
      STAPLE 35        250     75      -100      -175    Base 35-3   0     24.0 - 24.9   -225
      STAPLE 36        325     125      25       -125      37-42     0     25.0 - 25.9   -150
      STAPLE 37        375     150      75       -75     Base 43-4   0     26.0 - 26.9   -100
                                                           50-52    -250  Base 27.0 - 2   0
        Prep            1        -200                    53 & Abov  -375   29.0 - 29.9    0
                        2        -500                                      30.0 - 30.9    25
        Bark            1        -350                                      31.0 - 32.9    25
                        2        -525                                     33.0 & above    25
        Other           1        -550
                        2        -600

WEST TEXAS            31-3    41-4     32-3      42-4    24 & Belo -2475   19.0 - 19.9   -300
      STAPLE 32       -315    -450     -550      -725      25-26   -2475   20.0 - 20.9   -300
      STAPLE 33       -115    -375     -350      -600      27-29   -1600   21.0 - 21.9   -275
      STAPLE 34        85       0      -125      -250      30-32   -1250   22.0 - 22.9   -250
      STAPLE 35        275     75      -50       -175      33-34   -1025   23.0 - 23.9   -225
      STAPLE 36        325     100      0        -50     Base 35-3   0     24.0 - 24.9   -225
      STAPLE 37        400     125      75        0        37-42     0     25.0 - 25.9   -150
                                                         Base 43-4   0     26.0 - 26.9   -100
        Prep            1        -200                      50-52    -250  Base 27.0 - 2   0
                        2        -200                    53 & Abov  -375   29.0 - 29.9    0
        Bark            1        -200                                      30.0 - 30.9    25
                        2        -200                                      31.0 - 32.9    25
        Other           1        -200                                     33.0 & above    25
                        2        -200
Dec 07 - Dec 13
                 AWP   69.34
             CC ADJ.    0.00
       FC ADJ. - 2017   0.96
       FC ADJ. - 2018   1.01
                 LDP    0.00


Cotton and Tobacco Program, Market News Division
3275 Appling Rd
Memphis, TN  38133
(901) 384-3016
www.ams.usda.gov/mnreports/mp_cn001.txt