0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 19-Oct-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 -300 Dec-20 68.16 70.41 64 33,965 North Delta -375 Dec-20 67.41 69.66 0 4,068 South Delta -375 Dec-20 67.41 69.66 0 9,911 East TX-OK -575 Dec-20 65.41 67.91 1,013 115,914 West Texas -650 Dec-20 64.66 67.16 3,358 99,541 Desert SW -750 Dec-20 63.66 67.66 500 3,972 SJ Valley -700 Dec-20 64.16 73.06 0 0 Upland total Average -532 Dec-20 65.84 69.36 4,935 267,371 Previous -539 Dec-20 64.53 68.05 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 10/19/2020 65.84 Dec-20 71.16 69.92 1.24 Season low Mar-21 71.83 70.56 1.27 8/12/2020 57.20 May-21 72.41 71.23 1.18 Jul-21 72.86 71.71 1.15 EFFECTIVE Oct 16 - Oct 22 Oct-21 71.52 70.42 1.10 AWP 53.43 Dec-21 70.62 69.52 1.10 CC ADJ. 0.00 Mar-22 71.34 70.33 1.01 FC ADJ. - 2 0.33 May-22 71.49 70.48 1.01 FC ADJ. - 2 0.28 Jul-22 71.59 70.58 1.01 LDP 0.00 Oct-22 69.39 68.48 0.91 EFFECTIVE Oct 16 - Oct 22 PCP 7.00 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 & 2 132 132 67 45 -275 3 107 107 62 39 -295 4 55 55 40 0 -350 5 -125 -125 -160 -300 -523 STAPLE 35 LEAF 1 & 2 375 375 305 150 -175 3 320 320 270 102 -190 4 170 170 130 50 -270 5 20 20 -40 -195 -445 Staple 36 Leaf 1 & 2 579 579 524 252 -133 3 524 524 494 202 -143 4 332 332 272 147 -225 5 105 105 30 -108 -405 Staple 37 Leaf 1 & 2 637 637 576 264 -126 3 572 572 531 214 -136 4 369 369 314 169 -208 5 142 142 64 -86 -385 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -275 -275 -380 3 -290 -290 -395 4 5 STAPLE 34 LEAF 1 & 2 35 35 -120 3 30 30 -140 4 5 STAPLE 35 LEAF 1 & 2 180 180 10 3 140 140 -15 4 5 Staple 36 Leaf 1 & 2 312 312 62 3 257 257 37 4 5 Staple 37 Leaf 1 & 2 369 369 94 3 309 309 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