0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 30-Mar-23 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 May-23 83.50 85.75 0 54,409 North Delta -75 May-23 82.75 85.00 710 19,885 South Delta -75 May-23 82.75 85.00 0 772 East TX-OK -350 May-23 80.00 81.75 1,384 144,685 West Texas -350 May-23 80.00 81.50 2,494 289,325 Desert SW -400 May-23 79.50 81.75 0 12,669 SJ Valley -375 May-23 79.75 88.65 0 0 Upland total Average -232 May-23 81.18 84.20 4,588 521,745 Previous -232 May-23 80.44 83.46 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 180.00 161.50 169.25 0 2,601 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 8/16/2022 126.61 May-23 83.50 82.76 0.74 Season low Jul-23 83.87 83.20 0.67 10/31/2022 72.36 Oct-23 84.19 83.30 0.89 Dec-23 83.88 83.25 0.63 EFFECTIVE Mar 24 - Mar 30 Mar-24 83.57 82.92 0.65 AWP 66.33 May-24 83.10 82.54 0.56 CC ADJ. 0.00 Jul-24 82.43 82.02 0.41 FC ADJ. - 2 0.00 Oct-24 80.13 79.77 0.36 FC ADJ. - 2 0.00 Dec-24 78.83 78.47 0.36 LDP 0.00 Mar-25 79.08 78.69 0.39 EFFECTIVE Mar 24 - Mar 30 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 -105 -105 -155 -305 -525 3 -125 -125 -170 -315 -530 4 -225 -225 -275 -395 -560 5 -345 -345 -390 -540 -720 STAPLE 34 LEAF 1 & 2 118 118 75 35 -285 3 95 95 60 20 -305 4 50 50 35 0 -360 5 -138 -138 -175 -325 -533 STAPLE 35 LEAF 1 & 2 288 288 240 125 -185 3 238 238 200 89 -200 4 165 165 135 42 -280 5 -3 -3 -58 -208 -455 Staple 36 Leaf 1 & 2 508 508 448 235 -148 3 468 468 413 184 -158 4 332 332 282 114 -240 5 83 83 8 -141 -420 Staple 37 Leaf 1 & 2 561 561 503 247 -141 3 514 514 458 199 -156 4 364 364 324 136 -228 5 135 135 57 -119 -405 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -235 -235 -380 3 -250 -250 -395 4 5 STAPLE 34 LEAF 1 & 2 50 50 -120 3 45 45 -140 4 5 STAPLE 35 LEAF 1 & 2 180 180 5 3 140 140 -20 4 5 Staple 36 Leaf 1 & 2 320 320 57 3 275 275 32 4 5 Staple 37 Leaf 1 & 2 367 367 89 3 312 312 59 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