0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 10-Dec-18 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 -200 Mar-19 77.88 80.13 0 6,137 North Delta -275 Mar-19 77.13 78.88 1,100 1,507 South Delta -275 Mar-19 77.13 78.88 0 1,723 East TX-OK -600 Mar-19 73.88 76.38 345 77,239 West Texas -600 Mar-19 73.88 76.63 2,194 94,567 Desert SW -650 Mar-19 73.38 77.63 202 6,051 SJ Valley -600 Mar-19 73.88 82.78 0 0 Upland total Average -457 Mar-19 75.31 78.76 3,841 187,224 Previous -457 Mar-19 75.66 79.11 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 132.00 109.50 117.25 0 52 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 8/2/2018 85.65 Mar-19 79.88 80.23 -0.35 Season low May-19 80.89 81.17 -0.28 11/13/2018 72.07 Jul-19 81.46 81.73 -0.27 Oct-19 78.54 78.81 -0.27 EFFECTIVE Dec 07 - Dec 13 Dec-19 77.63 78.03 -0.40 AWP 69.34 Mar-20 78.31 78.63 -0.32 CC ADJ. 0.00 May-20 78.85 79.17 -0.32 FCA 2016 Cr 0.96 Jul-20 79.09 79.41 -0.32 FCA 2017 Cr 1.01 Oct-20 75.86 76.18 -0.32 LDP 0.00 Dec-20 75.23 75.55 -0.32 EFFECTIVE Dec 07 - Dec 13 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 -68 -68 -108 -255 -470 3 -83 -83 -118 -265 -475 4 -190 -190 -240 -360 -505 5 -305 -305 -335 -460 -665 STAPLE 34 LEAF 1 & 2 152 152 97 49 -240 3 127 127 92 44 -260 4 75 75 55 0 -315 5 -75 -75 -110 -240 -460 STAPLE 35 LEAF 1 & 2 360 360 305 130 -150 3 305 305 270 87 -165 4 185 185 140 55 -235 5 65 65 5 -135 -375 Staple 36 Leaf 1 & 2 454 454 409 207 -103 3 409 409 379 162 -113 4 297 297 232 117 -185 5 145 145 65 -53 -330 Staple 37 Leaf 1 & 2 502 502 461 224 -96 3 442 442 416 184 -106 4 329 329 254 144 -168 5 167 167 84 -36 -315 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -250 -250 -365 3 -265 -265 -380 4 5 STAPLE 34 LEAF 1 & 2 55 55 -100 3 45 45 -120 4 5 STAPLE 35 LEAF 1 & 2 165 165 25 3 125 125 -5 4 5 Staple 36 Leaf 1 & 2 262 262 87 3 217 217 62 4 5 Staple 37 Leaf 1 & 2 304 304 114 3 264 264 89 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