0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 14-Jan-22 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-22 120.70 122.95 0 14,857 North Delta -25 Mar-22 119.45 121.70 0 6,856 South Delta -25 Mar-22 119.45 121.70 0 5,668 East TX-OK -550 Mar-22 114.20 116.45 9,269 285,077 West Texas -525 Mar-22 114.45 116.45 27,246 665,166 Desert SW -675 Mar-22 112.95 115.70 71 7,802 SJ Valley -625 Mar-22 113.45 122.35 0 0 Upland total Average -332 Mar-22 116.38 119.61 36,586 985,426 Previous -332 Mar-22 113.52 116.75 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 290.00 271.50 279.25 0 12,998 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 11/1/2021 116.66 Mar-22 119.70 116.84 2.86 Season low May-22 116.34 114.47 1.87 9/20/2021 85.77 Jul-22 113.36 112.14 1.22 Oct-22 102.73 101.62 1.11 EFFECTIVE Jan 14 - Jan 20 Dec-22 96.83 95.68 1.15 AWP 105.58 Mar-23 93.09 92.17 0.92 CC ADJ. 0.00 May-23 90.11 89.35 0.76 FC ADJ. - 2 0.46 Jul-23 87.12 86.69 0.43 FC ADJ. - 2 0.71 Oct-23 83.63 83.29 0.34 LDP 0.00 Dec-23 80.14 79.76 0.38 EFFECTIVE Jan 14 - Jan 20 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 -88 -88 -148 -305 -525 3 -113 -113 -163 -315 -530 4 -220 -220 -275 -395 -560 5 -345 -345 -390 -540 -720 STAPLE 34 LEAF 1 & 2 143 143 77 35 -285 3 112 112 62 20 -305 4 55 55 35 0 -360 5 -138 -138 -175 -325 -533 STAPLE 35 LEAF 1 & 2 331 331 270 135 -185 3 276 276 230 92 -200 4 175 175 140 40 -280 5 8 8 -53 -205 -455 Staple 36 Leaf 1 & 2 550 550 499 240 -148 3 500 500 469 187 -158 4 332 332 277 122 -235 5 93 93 18 -128 -415 Staple 37 Leaf 1 & 2 623 623 571 257 -141 3 563 563 521 207 -156 4 384 384 339 149 -223 5 150 150 72 -101 -400 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -230 -230 -380 3 -245 -245 -395 4 5 STAPLE 34 LEAF 1 & 2 50 50 -120 3 45 45 -140 4 5 STAPLE 35 LEAF 1 & 2 190 190 0 3 150 150 -25 4 5 Staple 36 Leaf 1 & 2 325 325 52 3 280 280 27 4 5 Staple 37 Leaf 1 & 2 392 392 84 3 327 327 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