0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 02-Apr-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 -225 May-20 47.74 49.99 0 45,653 North Delta -375 May-20 46.24 48.49 0 76,951 South Delta -375 May-20 46.24 48.49 0 8,834 East TX-OK -500 May-20 44.99 47.24 0 486,838 West Texas -550 May-20 44.49 46.99 0 709,209 Desert SW -825 May-20 41.74 45.74 0 48,662 SJ Valley -775 May-20 42.24 51.14 0 0 Upland total Average -518 May-20 44.81 48.30 0 1,376,147 Previous -518 May-20 43.23 46.72 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 2,064 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 1/13/2020 67.07 May-20 49.99 48.41 1.58 Season low Jul-20 49.76 48.22 1.54 4/1/2020 43.23 Oct-20 51.02 50.31 0.71 Dec-20 51.12 50.41 0.71 EFFECTIVE Mar 27 - Apr 02 Mar-21 52.17 51.66 0.51 AWP 44.99 May-21 53.16 52.80 0.36 CC ADJ. 0.00 Jul-21 54.01 53.86 0.15 FC ADJ. - 2 0.00 Oct-21 54.62 54.23 0.39 FC ADJ. - 2 0.00 Dec-21 54.72 54.37 0.35 LDP 7.01 Mar-22 55.87 55.52 0.35 EFFECTIVE Mar 27 - Apr 02 PCP 6.00 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 -123 -123 -168 -310 -520 4 -225 -225 -275 -390 -550 5 -345 -345 -390 -525 -710 STAPLE 34 LEAF 1 & 2 137 137 72 44 -275 3 112 112 67 39 -295 4 60 60 45 0 -350 5 -120 -120 -155 -295 -523 STAPLE 35 LEAF 1 & 2 355 355 300 145 -175 3 300 300 265 97 -190 4 170 170 130 45 -270 5 20 20 -40 -195 -445 Staple 36 Leaf 1 & 2 544 544 499 247 -138 3 504 504 469 197 -148 4 327 327 267 132 -230 5 105 105 30 -118 -405 Staple 37 Leaf 1 & 2 587 587 551 259 -131 3 532 532 506 209 -141 4 354 354 289 154 -213 5 132 132 54 -96 -385 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -270 -270 -375 3 -285 -285 -390 4 5 STAPLE 34 LEAF 1 & 2 35 35 -115 3 25 25 -135 4 5 STAPLE 35 LEAF 1 & 2 175 175 5 3 135 135 -20 4 5 Staple 36 Leaf 1 & 2 287 287 57 3 232 232 32 4 5 Staple 37 Leaf 1 & 2 334 334 79 3 279 279 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