Daily Cotton

                                                          0
MP_CN002    Memphis, TN Cotton and Tobacco Progr  22-Oct-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      -25    Dec-21     108.01   110.26          0         2,009
North Delta   -125    Dec-21     107.01   109.26          0         1,490
South Delta   -125    Dec-21     107.01   109.26          0           114
East TX-OK    -325    Dec-21     105.01   108.01      2,112        72,789
West Texas    -325    Dec-21     105.01   107.76        422        16,960
Desert SW     -675    Dec-21     101.51   105.01          0             0
SJ Valley     -625    Dec-21     102.01   110.91          0             0
                                                Upland total
Average       -318    Dec-21     105.08   108.64      2,534        93,362
Previous      -318    Dec-21     102.96   106.52


            AMERICAN PIMA SPOT PRICE QUOTATIONS

                      Grade 2  Grade 3  Grade 3    SPOT TRANSACTIONS
                     Staple 46Staple 44Staple 46
                                                       AP total
American Pima           183.00   165.50   173.25          0        11,100




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            10/7/2021        108.40
Dec-21         108.26   106.14     2.12                Season low
Mar-22         106.19   104.15     2.04           9/20/2021         85.77
May-22         105.17   103.24     1.93
Jul-22         103.74   101.91     1.83         EFFECTIVE  Oct 22 - Oct 28
Oct-22          94.49    93.57     0.92                AWP          92.80
Dec-22          89.27    89.07     0.20            CC ADJ.           0.00
Mar-23          88.17    88.02     0.15         FC ADJ. - 2          0.56
May-23          86.67    86.62     0.05         FC ADJ. - 2          0.81
Jul-23          85.05    85.27    -0.22                LDP           0.00
Oct-23          81.55    81.77    -0.22
                                                EFFECTIVE  Oct 22 - Oct 28
                                                       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       -88      -88     -143     -295       -515
     3           -113     -113     -158     -305       -520
     4           -220     -220     -270     -385       -550
     5           -340     -340     -385     -530       -710
 STAPLE 34
 LEAF 1 & 2       168      168      102       50       -275
     3            137      137       87       39       -295
     4             75       75       50        0       -350
     5           -128     -128     -165     -310       -523
 STAPLE 35
 LEAF 1 & 2       391      391      315      155       -175
     3            331      331      275      112       -190
     4            200      200      160       55       -270
     5             18       18      -43     -195       -445
 Staple 36
 Leaf 1 & 2       587      587      529      260       -138
     3            532      532      499      212       -148
     4            357      357      297      147       -225
     5            103      103       28     -113       -405
 Staple 37
 Leaf 1 & 2       660      660      596      272       -131
     3            590      590      546      227       -141
     4            404      404      354      169       -208
     5            155      155       77      -91       -385

               COLOR    COLOR    COLOR
                   12       22       32
 STAPLE 33
 LEAF 1 & 2      -250     -250     -380
     3           -265     -265     -395
     4
     5
 STAPLE 34
 LEAF 1 & 2        65       65     -120
     3             60       60     -140
     4
     5
 STAPLE 35
 LEAF 1 & 2       205      205        0
     3            165      165      -25
     4
     5
 Staple 36
 Leaf 1 & 2       340      340       52
     3            295      295       27
     4
     5
 Staple 37
 Leaf 1 & 2       407      407       84
     3            342      342       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

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