0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 03-Dec-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 -150 Mar-21 69.61 71.86 814 48,229 North Delta -275 Mar-21 68.36 70.61 705 8,516 South Delta -275 Mar-21 68.36 70.61 0 9,933 East TX-OK -525 Mar-21 65.86 68.36 1,695 176,382 West Texas -525 Mar-21 65.86 68.86 13,847 275,472 Desert SW -700 Mar-21 64.11 68.36 304 12,612 SJ Valley -650 Mar-21 64.61 73.51 0 0 Upland total Average -443 Mar-21 66.68 70.31 17,365 531,144 Previous -450 Mar-21 67.10 70.73 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 11/23/2020 68.91 Dec-20 69.42 69.99 -0.57 Season low Mar-21 71.11 71.60 -0.49 8/12/2020 57.20 May-21 72.00 72.50 -0.50 Jul-21 72.76 73.24 -0.48 EFFECTIVE Nov 27 - Dec 03 Oct-21 70.90 71.35 -0.45 AWP 58.63 Dec-21 70.28 70.55 -0.27 CC ADJ. 0.00 Mar-22 71.17 71.44 -0.27 FC ADJ. - 2 0.85 May-22 71.66 71.93 -0.27 FC ADJ. - 2 0.80 Jul-22 72.05 72.34 -0.29 LDP 0.00 Oct-22 69.91 70.34 -0.43 EFFECTIVE Nov 27 - Dec 03 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 -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 & 2 138 138 72 40 -275 3 112 112 67 34 -295 4 55 55 40 0 -350 5 -128 -128 -165 -305 -523 STAPLE 35 LEAF 1 & 2 391 391 320 145 -175 3 336 336 285 97 -190 4 175 175 135 40 -270 5 18 18 -43 -200 -445 Staple 36 Leaf 1 & 2 607 607 549 250 -133 3 552 552 519 197 -143 4 337 337 277 132 -225 5 103 103 28 -118 -405 Staple 37 Leaf 1 & 2 670 670 606 262 -126 3 600 600 556 212 -136 4 374 374 319 154 -208 5 140 140 62 -96 -385 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -265 -265 -380 3 -280 -280 -395 4 5 STAPLE 34 LEAF 1 & 2 45 45 -120 3 40 40 -140 4 5 STAPLE 35 LEAF 1 & 2 190 190 10 3 150 150 -15 4 5 Staple 36 Leaf 1 & 2 325 325 62 3 280 280 37 4 5 Staple 37 Leaf 1 & 2 387 387 94 3 322 322 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