0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 31-Jan-23 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 50 Mar-23 86.72 88.97 907 35,456 North Delta -50 Mar-23 85.72 87.97 0 12,020 South Delta -50 Mar-23 85.72 87.97 0 772 East TX-OK -350 Mar-23 82.72 84.47 1,061 101,500 West Texas -325 Mar-23 82.97 84.22 2,796 199,703 Desert SW -425 Mar-23 81.97 84.22 570 7,195 SJ Valley -400 Mar-23 82.22 91.12 0 0 Upland total Average -221 Mar-23 84.01 86.99 5,334 356,646 Previous -221 Mar-23 82.89 85.87 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 240.00 221.50 229.25 0 663 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 Mar-23 86.22 85.10 1.12 Season low May-23 86.95 85.74 1.21 10/31/2022 72.36 Jul-23 87.46 86.19 1.27 Oct-23 85.74 84.16 1.58 EFFECTIVE Jan 27 - Feb 02 Dec-23 85.47 84.36 1.11 AWP 75.05 Mar-24 85.65 84.54 1.11 CC ADJ. 0.00 May-24 85.40 84.30 1.10 FC ADJ. - 2 0.00 Jul-24 85.03 83.94 1.09 FC ADJ. - 2 0.00 Oct-24 82.88 82.04 0.84 LDP 0.00 Dec-24 81.83 81.14 0.69 EFFECTIVE Jan 27 - Feb 02 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 & 2 293 293 235 120 -185 3 243 243 195 82 -200 4 165 165 130 35 -280 5 -8 -8 -63 -215 -455 Staple 36 Leaf 1 & 2 520 520 460 230 -148 3 480 480 420 182 -158 4 332 332 282 112 -240 5 83 83 3 -143 -420 Staple 37 Leaf 1 & 2 578 578 520 247 -141 3 531 531 470 202 -156 4 369 369 329 139 -228 5 140 140 57 -116 -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 & 2 180 180 5 3 140 140 -20 4 5 Staple 36 Leaf 1 & 2 325 325 57 3 280 280 32 4 5 Staple 37 Leaf 1 & 2 392 392 89 3 327 327 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