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MP_CN002 Memphis, TN Cotton and Tobacco Progr 23-May-18
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 50 Jul-18 87.46 89.71 0 37,540
North Delta -100 Jul-18 85.96 87.71 0 49,359
South Delta -100 Jul-18 85.96 87.71 0 12,824
East TX-OK -921 Jul-18 77.75 79.50 4,703 875,489
West Texas -1021 Jul-18 76.75 78.50 155 961,946
Desert SW -500 Jul-18 81.96 85.96 0 39,135
SJ Valley -450 Jul-18 82.46 91.36 0 760
Upland total
Average -435 Jul-18 82.61 85.78 4,858 1,977,053
Previous -439 Jul-18 82.96 86.13
AMERICAN PIMA SPOT PRICE QUOTATIONS
Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS
Staple 46Staple 44Staple 46
AP total
American Pima 140.25 117.75 125.50 0 4,674
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 5/21/2018 83.87
Jul-18 86.96 87.35 -0.39 Season low
Oct-18 85.21 85.20 0.01 10/20/2017 65.24
Dec-18 84.05 83.84 0.21
Mar-19 83.63 83.40 0.23 EFFECTIVE May 18 - May 24
May-19 83.84 83.77 0.07 AWP 74.09
Jul-19 84.04 84.02 0.02 CC ADJ. 0.00
Oct-19 81.00 80.94 0.06 FCA 2016 Cr 1.31
Dec-19 78.45 78.40 0.05 FCA 2017 Cr 1.36
Mar-20 78.45 78.48 -0.03 LDP 0.00
May-20 78.18 78.16 0.02
EFFECTIVE May 18 - May 24
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 -48 -48 -88 -235 -450
3 -63 -63 -98 -245 -455
4 -170 -170 -220 -340 -485
5 -285 -285 -315 -440 -645
STAPLE 34
LEAF 1 & 2 122 122 67 25 -240
3 97 97 62 20 -260
4 45 45 25 0 -315
5 -105 -105 -140 -270 -460
STAPLE 35
LEAF 1 & 2 320 320 265 110 -150
3 265 265 230 67 -165
4 150 150 105 35 -235
5 35 35 -25 -165 -375
Staple 36
Leaf 1 & 2 472 472 416 204 -81
3 412 412 381 164 -91
4 289 289 224 119 -153
5 152 152 69 -51 -300
COLOR COLOR COLOR
12 22 32
STAPLE 33
LEAF 1 & 2 -200 -200 -300
3 -215 -215 -315
4 0
5 0
STAPLE 34
LEAF 1 & 2 33 33 -95
3 23 23 -115
4 0
5 0
STAPLE 35
LEAF 1 & 2 150 150 30
3 110 110 -3
4 0
5 0
Staple 36
Leaf 1 & 2 279 279 109
3 234 234 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
