Daily Cotton

                                                          0
MP_CN002    Memphis, TN Cotton and Tobacco Progr  21-Jan-22
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      100    Mar-22     121.75   124.00          0        24,497
North Delta    -25    Mar-22     120.50   122.75          0         6,856
South Delta    -25    Mar-22     120.50   122.75          0         5,668
East TX-OK    -600    Mar-22     114.75   117.00      2,161       306,297
West Texas    -600    Mar-22     114.75   116.50      7,065       740,404
Desert SW     -675    Mar-22     114.00   116.50        850         8,987
SJ Valley     -625    Mar-22     114.50   123.40          0             0
                                                Upland total
Average       -350    Mar-22     117.25   120.41     10,076     1,092,709
Previous      -350    Mar-22     119.37   122.53


            AMERICAN PIMA SPOT PRICE QUOTATIONS

                      Grade 2  Grade 3  Grade 3    SPOT TRANSACTIONS
                     Staple 46Staple 44Staple 46
                                                       AP total
American Pima           300.00   281.50   289.25        206        14,603




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            1/19/2022        120.49
Mar-22         120.75   122.87    -2.12                Season low
May-22         117.98   119.67    -1.69           9/20/2021         85.77
Jul-22         115.44   116.87    -1.43
Oct-22         104.09   104.77    -0.68         EFFECTIVE  Jan 21 - Jan 27
Dec-22          98.85    99.01    -0.16                AWP         110.44
Mar-23          95.85    95.89    -0.04            CC ADJ.           0.00
May-23          93.35    93.29     0.06         FC ADJ. - 2          0.72
Jul-23          90.90    90.60     0.30         FC ADJ. - 2          0.97
Oct-23          85.45    85.00     0.45                LDP           0.00
Dec-23          80.35    80.45    -0.10
                                                EFFECTIVE  Jan 21 - Jan 27
                                                       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       -93      -93     -148     -305       -525
     3           -113     -113     -163     -315       -530
     4           -220     -220     -275     -395       -560
     5           -345     -345     -390     -540       -720
 STAPLE 34
 LEAF 1 & 2       133      133       77       35       -285
     3            107      107       62       20       -305
     4             55       55       35        0       -360
     5           -138     -138     -175     -325       -533
 STAPLE 35
 LEAF 1 & 2       316      316      260      135       -185
     3            266      266      220       92       -200
     4            175      175      140       40       -280
     5              8        8      -53     -205       -455
 Staple 36
 Leaf 1 & 2       535      535      489      240       -148
     3            490      490      459      187       -158
     4            332      332      277      122       -235
     5             93       93       18     -128       -415
 Staple 37
 Leaf 1 & 2       608      608      561      257       -141
     3            553      553      511      207       -156
     4            384      384      339      149       -223
     5            150      150       72     -101       -400

               COLOR    COLOR    COLOR
                   12       22       32
 STAPLE 33
 LEAF 1 & 2      -230     -230     -380
     3           -245     -245     -395
     4
     5
 STAPLE 34
 LEAF 1 & 2        50       50     -120
     3             45       45     -140
     4
     5
 STAPLE 35
 LEAF 1 & 2       185      185        0
     3            145      145      -25
     4
     5
 Staple 36
 Leaf 1 & 2       325      325       52
     3            280      280       27
     4
     5
 Staple 37
 Leaf 1 & 2       392      392       84
     3            327      327       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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