0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 22-Feb-19 Spot quotations and differences are for cotton equal to the official standards, net weight, in mixed lots. Upland quotations are FOB car/truck, which includes compression and any brokerage charges. The upland base quality is color 41, leaf grade 4, staple 34 (1.05 to 1.07), mike 3.5, 3.6 and 4.3 to 4.9, strength 27.0 to 28.9 grams per tex and uniformity 81.0 to 81.9. American Pima quotations are UD free, FOB warehouse, and brokerage fees included. UPLAND SPOT PRICE QUOTATIONS SPOT TRANSACTIONS Color 41 Color 31 Number of bales provided Growth Basis Leaf 4 Leaf 3 to Cotton Program Area ICE Futures Staple 34Staple 35 Today Season Points Month cents/lb.cents/lb. bales bales Southeast -325 May-19 69.76 72.01 0 17,283 North Delta -450 May-19 68.51 70.26 0 4,024 South Delta -450 May-19 68.51 70.26 0 1,723 East TX-OK -650 May-19 66.51 69.01 7,921 225,042 West Texas -650 May-19 66.51 69.26 11,206 344,230 Desert SW -750 May-19 65.51 69.51 634 28,023 SJ Valley -700 May-19 66.01 74.91 0 0 Upland total Average -568 May-19 67.33 70.75 19,761 620,325 Previous -568 May-19 68.33 71.75 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 125.00 102.50 110.25 0 1,052 NEW YORK FUTURES - CONTRACT NO. 2 2/ 7-MARKET AVERAGE COLOR 41 LEAF 4, STAPLE 34, MIKE 35-49, BASE QUOTATIONS STRENGTH 25 OR GREATER. FOR UPLAND COTTON Month Cents per pound Season high Today Previous Change 8/2/2018 85.65 Mar-19 71.84 72.19 -0.35 Season low May-19 73.01 74.01 -1.00 2/13/2019 65.15 Jul-19 74.17 74.99 -0.82 Oct-19 73.84 74.45 -0.61 EFFECTIVE Feb 22 - Feb 28 Dec-19 73.51 73.94 -0.43 AWP 61.80 Mar-20 74.64 74.97 -0.33 CC ADJ. 0.00 May-20 75.06 75.40 -0.34 FCA 2016 Cr 0.34 Jul-20 75.31 75.69 -0.38 FCA 2017 Cr 0.39 Oct-20 73.76 74.16 -0.40 LDP 0.00 Dec-20 72.38 72.78 -0.40 EFFECTIVE Feb 22 - Feb 28 PCP 0.00 AVERAGE PREMIUMS AND DISCOUNTS - TENDERABLE QUALITIES 3/ COLOR COLOR COLOR COLOR COLOR 11 21 31 41 51 STAPLE 33 LEAF 1 & 2 -73 -73 -113 -260 -480 3 -88 -88 -123 -270 -485 4 -195 -195 -245 -365 -515 5 -310 -310 -340 -470 -675 STAPLE 34 LEAF 1 & 2 147 147 92 49 -250 3 122 122 87 44 -270 4 70 70 50 0 -325 5 -80 -80 -115 -245 -470 STAPLE 35 LEAF 1 & 2 355 355 300 130 -170 3 300 300 265 82 -185 4 175 175 130 50 -255 5 55 55 -5 -150 -395 Staple 36 Leaf 1 & 2 499 499 454 217 -123 3 464 464 429 167 -133 4 312 312 252 117 -205 5 160 160 80 -63 -350 Staple 37 Leaf 1 & 2 552 552 506 229 -116 3 497 497 466 184 -126 4 344 344 274 144 -188 5 182 182 99 -46 -335 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -255 -255 -370 3 -270 -270 -385 4 5 STAPLE 34 LEAF 1 & 2 55 55 -100 3 45 45 -120 4 5 STAPLE 35 LEAF 1 & 2 155 155 10 3 115 115 -20 4 5 Staple 36 Leaf 1 & 2 277 277 72 3 232 232 47 4 5 Staple 37 Leaf 1 & 2 319 319 99 3 279 279 74 4 0NOT TENDE 0 5 0NOT TENDE 0 1/ Settlement prices provided by ICE Futures US. 2/ The average of the differences from the Southeast, North and South Delta average, East Texas-Oklahoma, West Texas, and Desert Southwest markets. Cotton and Tobacco Program, Market News Division 3275 Appling Rd Memphis, TN 38133 (901) 384-3016 www.ams.usda.gov/mnreports/mp_cn002.txt