0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 22-Sep-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 -25 Dec-21 90.62 92.87 0 2,009 North Delta -125 Dec-21 89.62 91.87 0 1,457 South Delta -125 Dec-21 89.62 91.87 0 114 East TX-OK -325 Dec-21 87.62 90.72 1,475 26,060 West Texas -375 Dec-21 87.12 89.87 0 3,645 Desert SW -675 Dec-21 84.12 87.62 0 0 SJ Valley -625 Dec-21 84.62 93.52 0 0 Upland total Average -325 Dec-21 87.62 91.19 1,475 33,285 Previous -325 Dec-21 86.78 90.35 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 183.00 165.50 173.25 1,300 11,100 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 8/27/2021 92.41 Oct-21 91.83 91.18 0.65 Season low Dec-21 90.87 90.03 0.84 9/20/2021 85.77 Mar-22 90.11 89.34 0.77 May-22 89.77 89.01 0.76 EFFECTIVE Sep 17 - Sep 23 Jul-22 88.39 87.66 0.73 AWP 79.53 Oct-22 82.39 82.41 -0.02 CC ADJ. 0.00 Dec-22 81.00 80.71 0.29 FC ADJ. - 2 0.18 Mar-23 81.00 80.71 0.29 FC ADJ. - 2 0.43 May-23 80.47 80.18 0.29 LDP 0.00 Jul-23 80.02 79.73 0.29 EFFECTIVE Sep 17 - Sep 23 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 -93 -93 -143 -295 -515 3 -118 -118 -158 -305 -520 4 -220 -220 -270 -385 -550 5 -340 -340 -385 -530 -710 STAPLE 34 LEAF 1 & 2 153 153 92 50 -275 3 122 122 82 39 -295 4 65 65 50 0 -350 5 -128 -128 -165 -310 -523 STAPLE 35 LEAF 1 & 2 386 386 317 140 -175 3 326 326 277 97 -190 4 185 185 145 45 -270 5 18 18 -43 -205 -445 Staple 36 Leaf 1 & 2 582 582 526 245 -138 3 527 527 496 197 -148 4 352 352 292 137 -225 5 103 103 28 -123 -405 Staple 37 Leaf 1 & 2 655 655 593 257 -131 3 585 585 543 212 -141 4 399 399 349 159 -208 5 155 155 77 -101 -385 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -255 -255 -380 3 -270 -270 -395 4 5 STAPLE 34 LEAF 1 & 2 60 60 -120 3 55 55 -140 4 5 STAPLE 35 LEAF 1 & 2 185 185 0 3 145 145 -25 4 5 Staple 36 Leaf 1 & 2 320 320 52 3 275 275 27 4 5 Staple 37 Leaf 1 & 2 387 387 84 3 322 322 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