0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 02-Mar-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 -175 May-21 89.24 91.49 2,992 104,053 North Delta -275 May-21 88.24 90.49 0 26,411 South Delta -275 May-21 88.24 90.49 0 11,472 East TX-OK -575 May-21 85.24 87.99 0 375,032 West Texas -575 May-21 85.24 87.99 1,799 675,301 Desert SW -800 May-21 82.99 86.49 0 63,343 SJ Valley -750 May-21 83.49 92.39 0 0 Upland total Average -489 May-21 86.10 89.62 4,791 1,255,612 Previous -489 May-21 86.68 90.20 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 139.00 119.50 127.25 115 4,677 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 Mar-21 89.44 90.26 -0.82 Season low May-21 90.99 91.57 -0.58 8/12/2020 57.20 Jul-21 91.92 92.46 -0.54 Oct-21 87.04 87.74 -0.70 EFFECTIVE Feb 26 - Mar 04 Dec-21 86.45 86.79 -0.34 AWP 75.76 Mar-22 84.93 85.37 -0.44 CC ADJ. 0.00 May-22 83.93 84.37 -0.44 FC ADJ. - 2 1.41 Jul-22 82.79 83.22 -0.43 FC ADJ. - 2 1.36 Oct-22 79.13 79.40 -0.27 LDP 0.00 Dec-22 76.44 76.50 -0.06 EFFECTIVE Feb 26 - Mar 04 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