0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 29-Nov-22 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 175 Mar-23 82.36 84.61 0 6,239 North Delta 75 Mar-23 81.36 83.61 0 1,756 South Delta 75 Mar-23 81.36 83.61 0 68 East TX-OK -250 Mar-23 78.11 80.36 0 47,445 West Texas -225 Mar-23 78.36 79.86 9 11,323 Desert SW -300 Mar-23 77.61 79.86 0 0 SJ Valley -275 Mar-23 77.86 86.76 0 0 Upland total Average -104 Mar-23 79.57 82.67 9 66,831 Previous -104 Mar-23 77.91 81.01 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 280.00 261.50 269.25 0 0 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 8/16/2022 126.61 Dec-22 81.60 80.20 1.40 Season low Mar-23 80.61 78.95 1.66 10/31/2022 72.36 May-23 80.03 78.39 1.64 Jul-23 79.35 77.71 1.64 EFFECTIVE Nov 25 - Dec 01 Oct-23 77.53 76.36 1.17 AWP 74.61 Dec-23 76.55 74.78 1.77 CC ADJ. 0.00 Mar-24 76.45 74.63 1.82 FC ADJ. - 2 0.22 May-24 76.67 74.87 1.80 FC ADJ. - 2 0.17 Jul-24 76.65 74.85 1.80 LDP 0.00 Oct-24 75.08 73.43 1.65 EFFECTIVE Nov 25 - Dec 01 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 -100 -100 -155 -305 -525 3 -120 -120 -170 -315 -530 4 -225 -225 -275 -395 -560 5 -345 -345 -390 -540 -720 STAPLE 34 LEAF 1 & 2 123 123 75 35 -285 3 100 100 60 20 -305 4 50 50 35 0 -360 5 -138 -138 -175 -325 -533 STAPLE 35 LEAF 1 & 2 308 308 250 135 -185 3 258 258 210 97 -200 4 180 180 145 45 -280 5 8 8 -53 -205 -455 Staple 36 Leaf 1 & 2 550 550 500 240 -148 3 510 510 465 192 -158 4 332 332 277 122 -240 5 93 93 13 -133 -420 Staple 37 Leaf 1 & 2 623 623 570 257 -141 3 571 571 520 212 -156 4 384 384 339 149 -228 5 150 150 67 -106 -405 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -235 -235 -380 3 -250 -250 -395 4 5 STAPLE 34 LEAF 1 & 2 50 50 -120 3 45 45 -140 4 5 STAPLE 35 LEAF 1 & 2 185 185 5 3 145 145 -20 4 5 Staple 36 Leaf 1 & 2 330 330 57 3 285 285 32 4 5 Staple 37 Leaf 1 & 2 397 397 89 3 332 332 59 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