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MP_CN002 Memphis, TN Cotton and Tobacco Progr 15-Feb-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 -325 May-19 68.61 70.86 0 16,020
North Delta -450 May-19 67.36 69.11 0 4,024
South Delta -450 May-19 67.36 69.11 0 1,723
East TX-OK -650 May-19 65.36 67.86 2,499 197,124
West Texas -650 May-19 65.36 68.11 3,301 300,432
Desert SW -750 May-19 64.36 68.61 544 25,014
SJ Valley -700 May-19 64.86 73.76 0 0
Upland total
Average -568 May-19 66.18 69.63 6,344 544,337
Previous -568 May-19 66.03 69.48
AMERICAN PIMA SPOT PRICE QUOTATIONS
Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS
Staple 46Staple 44Staple 46
AP total
American Pima 125.00 102.50 110.25 0 1,052
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
Mar-19 70.22 70.13 0.09 Season low
May-19 71.86 71.71 0.15 2/13/2019 65.15
Jul-19 73.24 73.07 0.17
Oct-19 73.23 73.11 0.12 EFFECTIVE Feb 15 - Feb 21
Dec-19 72.80 72.71 0.09 AWP 62.27
Mar-20 74.00 73.90 0.10 CC ADJ. 0.00
May-20 74.44 74.35 0.09 FCA 2016 Cr 0.23
Jul-20 74.80 74.71 0.09 FCA 2017 Cr 0.28
Oct-20 73.49 73.40 0.09 LDP 0.00
Dec-20 72.44 72.35 0.09
EFFECTIVE Feb 15 - Feb 21
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 -465 -665
STAPLE 34
LEAF 1 & 2 152 152 97 49 -240
3 127 127 92 44 -260
4 75 75 55 0 -315
5 -75 -75 -110 -240 -460
STAPLE 35
LEAF 1 & 2 360 360 305 130 -160
3 305 305 270 82 -175
4 180 180 135 50 -245
5 60 60 0 -145 -385
Staple 36
Leaf 1 & 2 499 499 454 217 -113
3 464 464 429 167 -123
4 312 312 252 117 -195
5 160 160 80 -63 -340
Staple 37
Leaf 1 & 2 552 552 506 229 -106
3 497 497 466 184 -116
4 344 344 274 144 -178
5 182 182 99 -46 -325
COLOR COLOR COLOR
12 22 32
STAPLE 33
LEAF 1 & 2 -250 -250 -365
3 -265 -265 -380
4
5
STAPLE 34
LEAF 1 & 2 55 55 -100
3 45 45 -120
4
5
STAPLE 35
LEAF 1 & 2 155 155 10
3 115 115 -20
4
5
Staple 36
Leaf 1 & 2 277 277 72
3 232 232 47
4
5
Staple 37
Leaf 1 & 2 319 319 99
3 279 279 74
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
