0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 24-Nov-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 -200 Mar-21 70.98 73.23 92 45,106 North Delta -300 Mar-21 69.98 72.23 357 7,685 South Delta -300 Mar-21 69.98 72.23 0 9,933 East TX-OK -550 Mar-21 67.48 69.98 1,576 163,637 West Texas -550 Mar-21 67.48 70.48 10,490 234,267 Desert SW -750 Mar-21 65.48 69.73 0 10,139 SJ Valley -700 Mar-21 65.98 74.88 0 0 Upland total Average -479 Mar-21 68.19 71.82 12,515 470,767 Previous -489 Mar-21 68.91 72.54 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 0 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 11/23/2020 68.91 Dec-20 71.53 72.15 -0.62 Season low Mar-21 72.98 73.80 -0.82 8/12/2020 57.20 May-21 73.83 74.65 -0.82 Jul-21 74.47 75.24 -0.77 EFFECTIVE Nov 20 - Nov 26 Oct-21 72.07 72.44 -0.37 AWP 56.84 Dec-21 71.03 71.50 -0.47 CC ADJ. 0.00 Mar-22 71.96 72.36 -0.40 FC ADJ. - 2 0.82 May-22 72.48 72.84 -0.36 FC ADJ. - 2 0.77 Jul-22 72.88 73.23 -0.35 LDP 0.00 Oct-22 70.88 71.23 -0.35 EFFECTIVE Nov 20 - Nov 26 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 -108 -108 -158 -300 -515 3 -128 -128 -168 -310 -520 4 -230 -230 -280 -390 -550 5 -350 -350 -395 -530 -710 STAPLE 34 LEAF 1 & 2 140 140 72 45 -275 3 112 112 67 39 -295 4 55 55 40 0 -350 5 -125 -125 -160 -300 -523 STAPLE 35 LEAF 1 & 2 393 393 320 150 -175 3 338 338 285 102 -190 4 175 175 135 50 -270 5 20 20 -40 -195 -445 Staple 36 Leaf 1 & 2 607 607 549 252 -133 3 552 552 519 202 -143 4 337 337 277 147 -225 5 105 105 30 -108 -405 Staple 37 Leaf 1 & 2 665 665 601 264 -126 3 600 600 556 214 -136 4 374 374 319 169 -208 5 142 142 64 -86 -385 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -265 -265 -380 3 -280 -280 -395 4 5 STAPLE 34 LEAF 1 & 2 45 45 -120 3 40 40 -140 4 5 STAPLE 35 LEAF 1 & 2 190 190 10 3 150 150 -15 4 5 Staple 36 Leaf 1 & 2 327 327 62 3 282 282 37 4 5 Staple 37 Leaf 1 & 2 389 389 94 3 324 324 64 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