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Daily Cotton

                                                          0
MP_CN002    Memphis, TN Cotton and Tobacco Progr  22-Feb-17
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          N.Y. Futures    Staple 34Staple 35     Today        Season
              Points  Month   cents/lb.cents/lb.     bales         bales

Southeast     -125    May-17      74.24    75.49          0        58,658
North Delta   -250    May-17      72.99    74.24          0        13,736
South Delta   -250    May-17      72.99    74.24          0        10,384
East TX-OK    -474    May-17      70.75    72.00      3,080       420,232
West Texas    -474    May-17      70.75    72.25      5,948       799,798
Desert SW     -550    May-17      69.99    73.99          0        19,419
SJ Valley     -450    May-17      70.99    79.89          0             0
                                                Upland total
Average       -368    May-17      71.81    74.59      9,028     1,322,227
Previous      -372    May-17      71.94    74.71


            AMERICAN PIMA SPOT PRICE QUOTATIONS

                      Grade 2  Grade 3  Grade 3    SPOT TRANSACTIONS
                     Staple 46Staple 44Staple 46
                                                       AP total
American Pima           146.00   124.25   131.25          0         3,001




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             8/5/2016         75.06
Mar-17          74.14    73.52     0.62                Season low
May-17          75.49    75.66    -0.17           8/31/2016         63.91
Jul-17          76.52    76.71    -0.19
Oct-17          73.55    73.94    -0.39         EFFECTIVE  Feb 17 - Feb 23
Dec-17          73.75    74.19    -0.44                AWP          67.19
Mar-18          74.13    74.59    -0.46            CC ADJ.           0.00
May-18          74.16    74.59    -0.43         FCA 2015 Cr          0.09
Jul-18          74.11    74.54    -0.43         FCA 2016 Cr          0.19
Oct-18          72.47    72.79    -0.32                LDP           0.00
Dec-18          72.32    72.50    -0.18
                                                EFFECTIVE  Feb 17 - Feb 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       -55      -55      -90     -235       -435
     3            -75      -75     -100     -245       -440
     4           -185     -185     -220     -340       -475
     5           -290     -290     -310     -420       -635
 STAPLE 34
 LEAF 1 & 2        90       90       55       25       -235
     3             70       70       50       20       -255
     4             35       35       15        0       -315
     5            -95      -95     -140     -245       -460
 STAPLE 35
 LEAF 1 & 2       280      280      235      100       -135
     3            220      220      185       57       -150
     4            125      125       70       25       -225
     5             40       40      -15     -145       -365
 Staple 36
 Leaf 1 & 2       399      399      374      209        -96
     3            339      339      314      169       -106
     4            269      269      199      124       -173
     5            142      142       64      -61       -320

               COLOR    COLOR    COLOR
                   12       22       32
 STAPLE 33
 LEAF 1 & 2      -195     -195     -295
     3           -210     -210     -310
     4                       0
     5                       0
 STAPLE 34
 LEAF 1 & 2        40       40      -90
     3             35       35     -105
     4                       0
     5                       0
 STAPLE 35
 LEAF 1 & 2       165      165       40
     3            125      125        3
     4                       0
     5                       0
 Staple 36
 Leaf 1 & 2       294      294      109
     3            249      249       84
     4                       0
     5                       0

1/  Settlement prices provided by New York Cotton Exchange.  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