0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 18-May-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 0 Jul-22 144.47 146.72 0 51,324 North Delta -100 Jul-22 143.47 145.72 0 8,435 South Delta -100 Jul-22 143.47 145.72 0 5,730 East TX-OK -800 Jul-22 136.47 138.72 4 396,966 West Texas -800 Jul-22 136.47 137.97 0 1,140,531 Desert SW -875 Jul-22 135.72 137.97 0 11,046 SJ Valley -825 Jul-22 136.22 145.12 0 0 Upland total Average -500 Jul-22 139.47 142.56 4 1,614,032 Previous -500 Jul-22 143.46 146.55 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 300.00 281.50 289.25 0 14,733 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 5/4/2022 149.76 Jul-22 144.47 148.46 -3.99 Season low Oct-22 136.05 139.01 -2.96 9/20/2021 85.77 Dec-22 129.18 132.36 -3.18 Mar-23 124.11 126.79 -2.68 EFFECTIVE May 13 - May 19 May-23 119.19 121.22 -2.03 AWP 140.82 Jul-23 114.27 115.65 -1.38 CC ADJ. 0.00 Oct-23 107.37 108.00 -0.63 FC ADJ. - 2 0.27 Dec-23 96.92 97.60 -0.68 FC ADJ. - 2 0.52 Mar-24 95.42 96.00 -0.58 LDP 0.00 May-24 94.57 95.05 -0.48 EFFECTIVE May 13 - May 19 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 -95 -95 -150 -305 -525 3 -115 -115 -165 -315 -530 4 -220 -220 -275 -395 -560 5 -345 -345 -390 -540 -720 STAPLE 34 LEAF 1 & 2 128 128 75 35 -285 3 105 105 60 20 -305 4 55 55 35 0 -360 5 -138 -138 -175 -325 -533 STAPLE 35 LEAF 1 & 2 308 308 250 135 -185 3 258 258 210 92 -200 4 175 175 140 40 -280 5 8 8 -53 -205 -455 Staple 36 Leaf 1 & 2 525 525 480 240 -148 3 485 485 445 187 -158 4 332 332 272 117 -240 5 93 93 13 -133 -420 Staple 37 Leaf 1 & 2 598 598 550 257 -141 3 546 546 500 207 -156 4 384 384 334 144 -228 5 150 150 67 -106 -405 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 & 2 185 185 0 3 145 145 -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