0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 26-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 -275 Dec-20 69.36 71.61 0 36,304 North Delta -350 Dec-20 68.61 70.86 0 4,068 South Delta -350 Dec-20 68.61 70.86 0 9,911 East TX-OK -575 Dec-20 66.36 68.86 905 121,189 West Texas -575 Dec-20 66.36 69.11 1,966 114,546 Desert SW -750 Dec-20 64.61 68.61 0 4,628 SJ Valley -700 Dec-20 65.11 74.01 0 0 Upland total Average -511 Dec-20 67.00 70.56 2,871 290,646 Previous -511 Dec-20 66.18 69.74 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 10/26/2020 67.00 Dec-20 72.11 71.29 0.82 Season low Mar-21 72.72 71.87 0.85 8/12/2020 57.20 May-21 73.22 72.45 0.77 Jul-21 73.58 72.86 0.72 EFFECTIVE Oct 23 - Oct 29 Oct-21 71.81 71.19 0.62 AWP 55.71 Dec-21 70.76 70.19 0.57 CC ADJ. 0.00 Mar-22 71.54 70.97 0.57 FC ADJ. - 2 0.44 May-22 71.74 71.17 0.57 FC ADJ. - 2 0.39 Jul-22 71.85 71.28 0.57 LDP 0.00 Oct-22 69.55 68.98 0.57 EFFECTIVE Oct 23 - Oct 29 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 & 2 137 137 72 45 -275 3 112 112 67 39 -295 4 55 55 40 0 -350 5 -125 -125 -160 -300 -523 STAPLE 35 LEAF 1 & 2 380 380 310 150 -175 3 325 325 275 102 -190 4 170 170 130 50 -270 5 20 20 -40 -195 -445 Staple 36 Leaf 1 & 2 589 589 534 252 -133 3 534 534 504 202 -143 4 332 332 272 147 -225 5 105 105 30 -108 -405 Staple 37 Leaf 1 & 2 647 647 586 264 -126 3 582 582 541 214 -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 45 45 -120 3 40 40 -140 4 5 STAPLE 35 LEAF 1 & 2 190 190 10 3 150 150 -15 4 5 Staple 36 Leaf 1 & 2 322 322 62 3 267 267 37 4 5 Staple 37 Leaf 1 & 2 379 379 94 3 319 319 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