0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 25-Sep-20 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 -300 Dec-20 62.95 65.20 0 27,564 North Delta -400 Dec-20 61.95 64.20 0 4,068 South Delta -400 Dec-20 61.95 64.20 0 4,159 East TX-OK -625 Dec-20 59.70 61.95 1,303 78,938 West Texas -700 Dec-20 58.95 61.45 2,036 55,613 Desert SW -775 Dec-20 58.20 62.20 0 3,407 SJ Valley -725 Dec-20 58.70 67.60 0 0 Upland total Average -561 Dec-20 60.34 63.83 3,339 173,749 Previous -561 Dec-20 59.85 63.34 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 110.00 90.50 98.25 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 9/25/2020 60.34 Oct-20 64.66 63.97 0.69 Season low Dec-20 65.95 65.46 0.49 8/12/2020 57.20 Mar-21 66.66 66.25 0.41 May-21 67.35 66.99 0.36 EFFECTIVE Sep 25 - Oct 01 Jul-21 68.00 67.63 0.37 AWP 50.45 Oct-21 67.36 66.96 0.40 CC ADJ. 0.00 Dec-21 66.04 65.82 0.22 FC ADJ. - 2 0.38 Mar-22 67.07 66.86 0.21 FC ADJ. - 2 0.33 May-22 67.49 67.28 0.21 LDP 1.55 Jul-22 67.79 67.58 0.21 EFFECTIVE Sep 25 - Oct 01 PCP 7.00 AVERAGE PREMIUMS AND DISCOUNTS - TENDERABLE QUALITIES 3/ COLOR COLOR COLOR COLOR COLOR 11 21 31 41 51 STAPLE 33 LEAF 1 & 2 -108 -108 -158 -300 -515 3 -128 -128 -168 -310 -520 4 -230 -230 -280 -390 -550 5 -350 -350 -395 -530 -710 STAPLE 34 LEAF 1 & 2 132 132 67 45 -275 3 107 107 62 39 -295 4 55 55 40 0 -350 5 -125 -125 -160 -300 -523 STAPLE 35 LEAF 1 & 2 370 370 300 150 -175 3 315 315 265 102 -190 4 170 170 130 50 -270 5 20 20 -40 -195 -445 Staple 36 Leaf 1 & 2 564 564 519 252 -133 3 519 519 489 202 -143 4 332 332 272 147 -225 5 105 105 30 -108 -405 Staple 37 Leaf 1 & 2 622 622 571 264 -126 3 567 567 526 214 -136 4 369 369 314 169 -208 5 142 142 64 -86 -385 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -275 -275 -380 3 -290 -290 -395 4 5 STAPLE 34 LEAF 1 & 2 35 35 -120 3 30 30 -140 4 5 STAPLE 35 LEAF 1 & 2 180 180 10 3 140 140 -15 4 5 Staple 36 Leaf 1 & 2 312 312 62 3 257 257 37 4 5 Staple 37 Leaf 1 & 2 369 369 94 3 309 309 64 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