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MP_CN002 Memphis, TN Cotton and Tobacco Progr 21-Sep-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 ICE Futures Staple 34Staple 35 Today Season
Points Month cents/lb.cents/lb. bales bales
Southeast -25 Dec-18 78.88 81.13 0 364
North Delta -125 Dec-18 77.88 79.63 0 194
South Delta -125 Dec-18 77.88 79.63 0 1,698
East TX-OK -600 Dec-18 73.13 75.63 0 10,636
West Texas -600 Dec-18 73.13 75.63 0 2,189
Desert SW -575 Dec-18 73.38 77.38 0 62
SJ Valley -525 Dec-18 73.88 82.78 0 0
Upland total
Average -368 Dec-18 75.45 78.83 0 15,143
Previous -368 Dec-18 74.79 78.17
AMERICAN PIMA SPOT PRICE QUOTATIONS
Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS
Staple 46Staple 44Staple 46
AP total
American Pima 139.25 116.75 124.50 0 0
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 8/2/2018 85.65
Oct-18 79.28 79.07 0.21 Season low
Dec-18 79.13 78.47 0.66 9/20/2018 74.79
Mar-19 79.51 78.91 0.60
May-19 80.13 79.58 0.55 EFFECTIVE Sep 21 - Sep 27
Jul-19 80.72 80.23 0.49 AWP 71.59
Oct-19 77.25 76.72 0.53 CC ADJ. 0.00
Dec-19 76.60 76.05 0.55 FCA 2016 Cr 0.80
Mar-20 77.40 76.86 0.54 FCA 2017 Cr 0.85
May-20 77.84 77.30 0.54 LDP 0.00
Jul-20 78.16 77.74 0.42
EFFECTIVE Sep 21 - Sep 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 -68 -68 -108 -255 -470
3 -83 -83 -118 -265 -475
4 -190 -190 -240 -360 -505
5 -305 -305 -335 -460 -665
STAPLE 34
LEAF 1 & 2 152 152 97 39 -240
3 127 127 92 34 -260
4 75 75 55 0 -315
5 -75 -75 -110 -240 -460
STAPLE 35
LEAF 1 & 2 350 350 295 140 -150
3 295 295 260 97 -165
4 180 180 135 65 -235
5 65 65 5 -135 -375
Staple 36
Leaf 1 & 2 489 489 439 232 -83
3 439 439 409 187 -93
4 312 312 247 137 -165
5 165 165 85 -33 -310
Staple 37
Leaf 1 & 2 537 537 491 249 -76
3 477 477 446 209 -86
4 344 344 269 164 -148
5 187 187 104 -16 -295
COLOR COLOR COLOR
12 22 32
STAPLE 33
LEAF 1 & 2 -220 -220 -320
3 -235 -235 -335
4
5
STAPLE 34
LEAF 1 & 2 55 55 -95
3 35 35 -115
4
5
STAPLE 35
LEAF 1 & 2 150 150 30
3 110 110 0
4
5
Staple 36
Leaf 1 & 2 267 267 107
3 222 222 82
4
5
Staple 37
Leaf 1 & 2 309 309 134
3 269 269 109
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
