0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 08-Nov-19 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 Dec-19 64.72 66.97 920 11,379 North Delta -100 Dec-19 63.72 65.97 0 24,820 South Delta -100 Dec-19 63.72 65.97 0 277 East TX-OK -350 Dec-19 61.22 63.72 2,145 142,381 West Texas -400 Dec-19 60.72 63.47 2,557 63,054 Desert SW -625 Dec-19 58.47 62.47 0 987 SJ Valley -575 Dec-19 58.97 67.87 0 0 Upland total Average -307 Dec-19 61.65 65.21 5,622 242,898 Previous -286 Dec-19 61.49 65.05 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 113.00 90.50 98.25 0 400 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 10/30/2019 62.84 Dec-19 64.72 64.35 0.37 Season low Mar-20 66.57 66.04 0.53 8/5/2019 52.73 May-20 67.77 67.35 0.42 Jul-20 68.87 68.54 0.33 EFFECTIVE Nov 08 - Nov 14 Oct-20 69.22 67.44 1.78 AWP 56.63 Dec-20 68.59 68.32 0.27 CC ADJ. 0.00 Mar-21 68.99 68.67 0.32 FC ADJ. - 2 0.96 May-21 69.34 69.07 0.27 FC ADJ. - 2 0.81 Jul-21 69.84 69.57 0.27 LDP 0.00 Oct-21 67.94 67.89 0.05 EFFECTIVE Nov 08 - Nov 14 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 -78 -78 -118 -265 -490 3 -93 -93 -128 -275 -495 4 -195 -195 -245 -365 -525 5 -330 -330 -370 -510 -700 STAPLE 34 LEAF 1 & 2 152 152 97 59 -255 3 127 127 92 54 -275 4 75 75 60 0 -330 5 -110 -110 -145 -285 -518 STAPLE 35 LEAF 1 & 2 365 365 310 155 -170 3 310 310 275 107 -185 4 180 180 140 65 -265 5 25 25 -35 -190 -445 Staple 36 Leaf 1 & 2 524 524 474 237 -123 3 484 484 444 187 -133 4 322 322 257 122 -215 5 125 125 45 -113 -400 Staple 37 Leaf 1 & 2 567 567 521 249 -116 3 507 507 476 204 -126 4 349 349 279 149 -198 5 147 147 64 -96 -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 -110 3 35 35 -130 4 5 STAPLE 35 LEAF 1 & 2 185 185 10 3 145 145 -20 4 5 Staple 36 Leaf 1 & 2 292 292 72 3 242 242 47 4 5 Staple 37 Leaf 1 & 2 334 334 99 3 284 284 74 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