0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 14-Jun-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 -125 Jul-21 83.70 85.95 8,950 124,291 North Delta -225 Jul-21 82.70 84.95 0 43,695 South Delta -225 Jul-21 82.70 84.95 0 12,991 East TX-OK -500 Jul-21 79.95 82.70 0 412,268 West Texas -500 Jul-21 79.95 82.70 37 717,070 Desert SW -700 Jul-21 77.95 81.45 0 63,506 SJ Valley -650 Jul-21 78.45 87.35 0 0 Upland total Average -418 Jul-21 80.77 84.29 8,987 1,373,821 Previous -418 Jul-21 82.82 86.34 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 143.00 122.50 130.25 0 5,275 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 2/24/2021 88.80 Jul-21 84.95 87.00 -2.05 Season low Oct-21 86.88 89.34 -2.46 8/12/2020 57.20 Dec-21 86.13 87.92 -1.79 Mar-22 85.98 87.73 -1.75 EFFECTIVE Jun 11 - Jun 17 May-22 85.79 87.48 -1.69 AWP 72.36 Jul-22 85.06 86.56 -1.50 CC ADJ. 0.00 Oct-22 81.56 82.79 -1.23 FC ADJ. - 2 0.38 Dec-22 78.95 79.86 -0.91 FC ADJ. - 2 0.33 Mar-23 79.05 79.96 -0.91 LDP 0.00 May-23 79.10 80.01 -0.91 EFFECTIVE Jun 11 - Jun 17 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 & 2 148 148 87 45 -275 3 117 117 77 34 -295 4 60 60 45 0 -350 5 -128 -128 -165 -310 -523 STAPLE 35 LEAF 1 & 2 381 381 310 135 -175 3 321 321 270 92 -190 4 180 180 140 40 -270 5 18 18 -43 -205 -445 Staple 36 Leaf 1 & 2 572 572 514 240 -138 3 517 517 484 192 -148 4 342 342 282 132 -225 5 103 103 28 -123 -405 Staple 37 Leaf 1 & 2 645 645 581 252 -131 3 575 575 531 207 -141 4 389 389 334 154 -208 5 150 150 72 -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 55 55 -120 3 50 50 -140 4 5 STAPLE 35 LEAF 1 & 2 180 180 0 3 140 140 -25 4 5 Staple 36 Leaf 1 & 2 315 315 52 3 270 270 27 4 5 Staple 37 Leaf 1 & 2 377 377 84 3 312 312 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