0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 15-Oct-21 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 -25 Dec-21 107.08 109.33 0 2,009 North Delta -125 Dec-21 106.08 108.33 0 1,457 South Delta -125 Dec-21 106.08 108.33 0 114 East TX-OK -325 Dec-21 104.08 107.18 2,599 59,419 West Texas -325 Dec-21 104.08 106.83 1,751 7,979 Desert SW -675 Dec-21 100.58 104.08 0 0 SJ Valley -625 Dec-21 101.08 109.98 0 0 Upland total Average -318 Dec-21 104.15 107.72 4,350 70,978 Previous -318 Dec-21 103.92 107.49 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 183.00 165.50 173.25 0 11,100 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 10/7/2021 108.40 Dec-21 107.33 107.10 0.23 Season low Mar-22 105.00 104.95 0.05 9/20/2021 85.77 May-22 103.97 103.97 0.00 Jul-22 102.34 102.38 -0.04 EFFECTIVE Oct 15 - Oct 21 Oct-22 94.60 94.68 -0.08 AWP 92.88 Dec-22 90.30 89.68 0.62 CC ADJ. 0.00 Mar-23 89.30 88.88 0.42 FC ADJ. - 2 0.54 May-23 88.05 87.66 0.39 FC ADJ. - 2 0.79 Jul-23 86.65 86.28 0.37 LDP 0.00 Oct-23 82.85 82.60 0.25 EFFECTIVE Oct 15 - Oct 21 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 -88 -88 -143 -295 -515 3 -113 -113 -158 -305 -520 4 -220 -220 -270 -385 -550 5 -340 -340 -385 -530 -710 STAPLE 34 LEAF 1 & 2 168 168 102 50 -275 3 137 137 87 39 -295 4 75 75 50 0 -350 5 -128 -128 -165 -310 -523 STAPLE 35 LEAF 1 & 2 391 391 317 155 -175 3 331 331 277 112 -190 4 200 200 160 55 -270 5 18 18 -43 -195 -445 Staple 36 Leaf 1 & 2 592 592 531 260 -138 3 537 537 501 212 -148 4 357 357 297 147 -225 5 103 103 28 -113 -405 Staple 37 Leaf 1 & 2 665 665 598 272 -131 3 595 595 548 227 -141 4 404 404 354 169 -208 5 155 155 77 -91 -385 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -250 -250 -380 3 -265 -265 -395 4 5 STAPLE 34 LEAF 1 & 2 65 65 -120 3 60 60 -140 4 5 STAPLE 35 LEAF 1 & 2 205 205 0 3 165 165 -25 4 5 Staple 36 Leaf 1 & 2 340 340 52 3 295 295 27 4 5 Staple 37 Leaf 1 & 2 407 407 84 3 342 342 54 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