0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 20-Feb-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 -225 May-20 67.12 69.37 0 43,740 North Delta -375 May-20 65.62 67.87 0 76,765 South Delta -375 May-20 65.62 67.87 0 8,834 East TX-OK -600 May-20 63.37 65.62 5,584 468,828 West Texas -625 May-20 63.12 65.62 6,912 663,647 Desert SW -825 May-20 61.12 65.12 2 41,531 SJ Valley -775 May-20 61.62 70.52 0 0 Upland total Average -543 May-20 63.94 67.43 12,498 1,303,345 Previous -543 May-20 64.22 67.71 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 0 515 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 1/13/2020 67.07 Mar-20 68.75 68.48 0.27 Season low May-20 69.37 69.65 -0.28 8/5/2019 52.73 Jul-20 70.24 70.47 -0.23 Oct-20 69.64 69.62 0.02 EFFECTIVE Feb 14 - Feb 20 Dec-20 70.04 70.24 -0.20 AWP 58.82 Mar-21 70.70 70.77 -0.07 CC ADJ. 0.00 May-21 70.87 71.01 -0.14 FC ADJ. - 2 0.62 Jul-21 70.77 70.86 -0.09 FC ADJ. - 2 0.47 Oct-21 68.27 68.16 0.11 LDP 0.00 Dec-21 67.97 67.66 0.31 EFFECTIVE Feb 14 - Feb 20 PCP 6.00 AVERAGE PREMIUMS AND DISCOUNTS - TENDERABLE QUALITIES 3/ COLOR COLOR COLOR COLOR COLOR 11 21 31 41 51 STAPLE 33 LEAF 1 & 2 -108 -108 -148 -290 -505 3 -123 -123 -158 -300 -510 4 -225 -225 -275 -390 -540 5 -345 -345 -390 -525 -710 STAPLE 34 LEAF 1 & 2 137 137 82 44 -265 3 112 112 77 39 -285 4 60 60 45 0 -340 5 -120 -120 -155 -295 -523 STAPLE 35 LEAF 1 & 2 355 355 300 145 -175 3 300 300 265 97 -190 4 170 170 130 45 -270 5 20 20 -40 -195 -445 Staple 36 Leaf 1 & 2 529 529 484 242 -138 3 489 489 454 192 -148 4 322 322 262 127 -230 5 105 105 30 -118 -405 Staple 37 Leaf 1 & 2 572 572 536 254 -131 3 517 517 491 204 -141 4 349 349 284 149 -213 5 132 132 54 -96 -385 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -270 -270 -385 3 -285 -285 -400 4 5 STAPLE 34 LEAF 1 & 2 35 35 -120 3 25 25 -140 4 5 STAPLE 35 LEAF 1 & 2 175 175 -5 3 135 135 -30 4 5 Staple 36 Leaf 1 & 2 287 287 42 3 232 232 17 4 5 Staple 37 Leaf 1 & 2 334 334 69 3 279 279 44 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