0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 22-Jan-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 -100 Mar-21 80.56 82.81 0 91,854 North Delta -200 Mar-21 79.56 81.81 0 20,192 South Delta -200 Mar-21 79.56 81.81 16 11,472 East TX-OK -450 Mar-21 77.06 79.81 3,717 328,628 West Texas -450 Mar-21 77.06 80.56 2,998 604,882 Desert SW -700 Mar-21 74.56 78.81 1,700 56,070 SJ Valley -650 Mar-21 75.06 83.96 0 0 Upland total Average -393 Mar-21 77.63 81.37 8,431 1,113,098 Previous -393 Mar-21 78.64 82.38 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 114.00 94.50 102.25 0 585 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 1/21/2021 78.64 Mar-21 81.56 82.57 -1.01 Season low May-21 82.66 83.50 -0.84 8/12/2020 57.20 Jul-21 83.56 84.30 -0.74 Oct-21 80.02 80.64 -0.62 EFFECTIVE Jan 22 - Jan 28 Dec-21 78.47 79.04 -0.57 AWP 66.70 Mar-22 78.77 79.27 -0.50 CC ADJ. 0.00 May-22 78.60 79.04 -0.44 FC ADJ. - 2 1.02 Jul-22 78.05 78.35 -0.30 FC ADJ. - 2 0.97 Oct-22 74.70 74.70 0.00 LDP 0.00 Dec-22 72.70 72.45 0.25 EFFECTIVE Jan 22 - Jan 28 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 -98 -98 -148 -300 -515 3 -123 -123 -163 -310 -520 4 -230 -230 -280 -390 -550 5 -350 -350 -395 -530 -710 STAPLE 34 LEAF 1 & 2 148 148 82 40 -275 3 117 117 72 34 -295 4 55 55 40 0 -350 5 -128 -128 -165 -305 -523 STAPLE 35 LEAF 1 & 2 411 411 340 145 -175 3 351 351 300 97 -190 4 185 185 145 40 -270 5 28 28 -33 -200 -445 Staple 36 Leaf 1 & 2 612 612 554 250 -138 3 557 557 524 197 -148 4 347 347 287 132 -225 5 113 113 38 -118 -405 Staple 37 Leaf 1 & 2 685 685 621 262 -131 3 615 615 571 212 -141 4 394 394 339 154 -208 5 160 160 82 -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