0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 04-Dec-19 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 -150 Mar-20 63.20 65.45 859 19,695 North Delta -300 Mar-20 61.70 63.95 0 64,798 South Delta -300 Mar-20 61.70 63.95 0 2,835 East TX-OK -525 Mar-20 59.45 61.70 1,290 183,023 West Texas -525 Mar-20 59.45 61.95 8,944 157,226 Desert SW -750 Mar-20 57.20 61.20 826 11,140 SJ Valley -700 Mar-20 57.70 66.60 0 0 Upland total Average -464 Mar-20 60.06 63.54 11,919 438,717 Previous -464 Mar-20 59.41 62.93 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 113.00 90.50 98.25 0 400 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 10/30/2019 62.84 Dec-19 63.17 63.10 0.07 Season low Mar-20 64.70 64.05 0.65 8/5/2019 52.73 May-20 65.61 65.15 0.46 Jul-20 66.50 66.16 0.34 EFFECTIVE Nov 29 - Dec 05 Oct-20 66.96 66.51 0.45 AWP 56.20 Dec-20 67.06 66.96 0.10 CC ADJ. 0.00 Mar-21 67.72 67.56 0.16 FC ADJ. - 2 0.37 May-21 67.98 67.81 0.17 FC ADJ. - 2 0.22 Jul-21 68.08 67.91 0.17 LDP 0.00 Oct-21 67.48 67.31 0.17 EFFECTIVE Nov 29 - Dec 05 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 -98 -98 -138 -280 -505 3 -113 -113 -148 -290 -510 4 -215 -215 -265 -380 -540 5 -340 -340 -380 -520 -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 55 -270 5 20 20 -40 -195 -445 Staple 36 Leaf 1 & 2 534 534 484 232 -128 3 494 494 454 182 -138 4 327 327 262 117 -220 5 125 125 45 -113 -400 Staple 37 Leaf 1 & 2 572 572 531 244 -121 3 517 517 486 199 -131 4 354 354 284 144 -203 5 147 147 64 -96 -385 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -275 -275 -390 3 -290 -290 -405 4 5 STAPLE 34 LEAF 1 & 2 35 35 -120 3 25 25 -140 4 5 STAPLE 35 LEAF 1 & 2 175 175 0 3 135 135 -30 4 5 Staple 36 Leaf 1 & 2 287 287 62 3 232 232 37 4 5 Staple 37 Leaf 1 & 2 329 329 89 3 274 274 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