MP_CN001                            0
MEMPHIS, TN                 12/18/2018       USDA Cotton and Tobacco Program, MND

       MARKET        41-4/34 31-3/35  BALES    FUTURES     TODAY
                                                Mar-19     77.85
SOUTHEAST             75.85   78.10     0       May-19     79.04
NORTH DELTA           75.10   76.85     0       Jul-19     80.08
SOUTH DELTA           75.10   76.85     0       Oct-19     77.40
EAST TX-OK            72.10   74.60    688      Dec-19     76.83
WEST TEXAS            72.10   74.85    3470     Mar-20     77.30
DESERT SW             71.60   75.85    190      May-20     77.77
SJ VALLEY             72.10   81.00     0       Jul-20     78.01
                                                Oct-20     75.00
AVERAGE               73.42   76.87    4348     Dec-20     74.63
COTTON QUOTATIONS FOR SELECTED QUALITIES                   MIKE             STRENGTH
                                                         24 & Belo -2075   19.0 - 19.9   -300
EAST TX-OK            31-3    41-4     32-3      42-4      25-26   -2075   20.0 - 20.9   -300
      STAPLE 32       -350    -425     -700      -775      27-29   -1200   21.0 - 21.9   -275
      STAPLE 33       -150    -325     -525      -675      30-32    -850   22.0 - 22.9   -250
      STAPLE 34        125      0      -125      -200      33-34    -625   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 -2075   19.0 - 19.9   -300
      STAPLE 32       -315    -450     -550      -725      25-26   -2075   20.0 - 20.9   -300
      STAPLE 33       -115    -375     -350      -600      27-29   -1200   21.0 - 21.9   -275
      STAPLE 34        85       0      -125      -250      30-32    -850   22.0 - 22.9   -250
      STAPLE 35        275     75      -50       -175      33-34    -625   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 14 - Dec 20
                 AWP   69.77
             CC ADJ.    0.00
       FC ADJ. - 2017   0.73
       FC ADJ. - 2018   0.78
                 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