Daily Cotton

                                                          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

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