0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 20-Aug-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 -175 Oct-19 57.42 59.67 0 0 North Delta -300 Oct-19 56.17 58.42 0 4,259 South Delta -300 Oct-19 56.17 58.42 0 0 East TX-OK -550 Oct-19 53.67 55.92 314 4,199 West Texas -550 Oct-19 53.67 56.42 631 5,931 Desert SW -725 Oct-19 51.92 55.92 14 14 SJ Valley -675 Oct-19 52.42 61.32 0 0 Upland total Average -468 Oct-19 54.49 58.01 959 14,403 Previous -468 Oct-19 54.50 58.02 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 120.00 97.50 105.25 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 8/1/2019 56.66 Oct-19 59.17 59.18 -0.01 Season low Dec-19 59.14 59.24 -0.10 8/5/2019 52.73 Mar-20 60.08 60.05 0.03 May-20 61.16 61.15 0.01 EFFECTIVE Aug 16 - Aug 22 Jul-20 62.31 62.31 0.00 AWP 52.22 Oct-20 62.79 62.78 0.01 CC ADJ. 0.00 Dec-20 63.09 63.10 -0.01 FC ADJ. - 2 0.17 Mar-21 64.02 64.10 -0.08 FC ADJ. - 2 0.02 May-21 65.22 65.25 -0.03 LDP 0.00 Jul-21 66.47 66.45 0.02 EFFECTIVE Aug 16 - Aug 22 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 -73 -73 -118 -260 -485 3 -88 -88 -128 -270 -490 4 -195 -195 -245 -365 -520 5 -330 -330 -370 -510 -700 STAPLE 34 LEAF 1 & 2 157 157 97 59 -250 3 132 132 92 54 -270 4 80 80 60 0 -325 5 -110 -110 -145 -285 -518 STAPLE 35 LEAF 1 & 2 365 365 305 150 -170 3 310 310 270 102 -185 4 185 185 140 65 -260 5 25 25 -35 -190 -445 Staple 36 Leaf 1 & 2 514 514 464 232 -123 3 479 479 439 182 -133 4 322 322 257 122 -210 5 125 125 45 -113 -400 Staple 37 Leaf 1 & 2 562 562 516 244 -116 3 507 507 476 199 -126 4 349 349 279 149 -193 5 147 147 64 -96 -385 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -255 -255 -370 3 -270 -270 -385 4 5 STAPLE 34 LEAF 1 & 2 55 55 -100 3 45 45 -120 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