0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 22-Jan-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 -125 Mar-20 69.88 72.13 0 36,320 North Delta -275 Mar-20 68.38 70.63 0 76,705 South Delta -275 Mar-20 68.38 70.63 1,111 6,918 East TX-OK -525 Mar-20 65.88 68.13 2,863 407,934 West Texas -525 Mar-20 65.88 68.38 9,027 591,697 Desert SW -725 Mar-20 63.88 67.88 1,300 33,613 SJ Valley -675 Mar-20 64.38 73.28 0 0 Upland total Average -446 Mar-20 66.67 70.15 14,301 1,153,187 Previous -446 Mar-20 64.78 68.26 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 0 515 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 1/13/2020 67.07 Mar-20 71.13 69.24 1.89 Season low May-20 71.84 70.32 1.52 8/5/2019 52.73 Jul-20 72.74 71.27 1.47 Oct-20 72.73 71.45 1.28 EFFECTIVE Jan 17 - Jan 23 Dec-20 72.05 70.90 1.15 AWP 61.40 Mar-21 72.12 71.27 0.85 CC ADJ. 0.00 May-21 71.62 70.99 0.63 FC ADJ. - 2 0.63 Jul-21 71.05 70.58 0.47 FC ADJ. - 2 0.48 Oct-21 70.25 69.78 0.47 LDP 0.00 Dec-21 69.25 68.78 0.47 EFFECTIVE Jan 17 - Jan 23 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 -108 -108 -148 -290 -505 3 -123 -123 -158 -300 -510 4 -225 -225 -275 -390 -540 5 -345 -345 -390 -525 -710 STAPLE 34 LEAF 1 & 2 137 137 82 44 -265 3 112 112 77 39 -285 4 60 60 45 0 -340 5 -120 -120 -155 -295 -523 STAPLE 35 LEAF 1 & 2 355 355 300 145 -175 3 300 300 265 97 -190 4 170 170 130 45 -270 5 20 20 -40 -195 -445 Staple 36 Leaf 1 & 2 514 514 464 222 -138 3 474 474 434 172 -148 4 307 307 242 107 -230 5 115 115 35 -113 -400 Staple 37 Leaf 1 & 2 557 557 516 234 -131 3 502 502 471 189 -141 4 334 334 264 134 -213 5 137 137 54 -96 -385 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -270 -270 -385 3 -285 -285 -400 4 5 STAPLE 34 LEAF 1 & 2 35 35 -120 3 25 25 -140 4 5 STAPLE 35 LEAF 1 & 2 175 175 -5 3 135 135 -30 4 5 Staple 36 Leaf 1 & 2 267 267 42 3 212 212 17 4 5 Staple 37 Leaf 1 & 2 314 314 69 3 259 259 44 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