Daily Cotton

                                                          0
MP_CN002    Memphis, TN Cotton and Tobacco Progr  15-Jul-20
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     -200    Oct-20      60.59    62.84          0        66,223
North Delta   -300    Oct-20      59.59    61.84          0       130,639
South Delta   -300    Oct-20      59.59    61.84          0        14,320
East TX-OK    -450    Oct-20      58.09    60.34        532       556,724
West Texas    -450    Oct-20      58.09    60.59        197       771,913
Desert SW     -675    Oct-20      55.84    59.84          0        54,301
SJ Valley     -625    Oct-20      56.34    65.24          0             0
                                                Upland total
Average       -429    Oct-20      58.30    61.79        729     1,594,120
Previous      -429    Oct-20      58.40    61.89


            AMERICAN PIMA SPOT PRICE QUOTATIONS

                      Grade 2  Grade 3  Grade 3    SPOT TRANSACTIONS
                     Staple 46Staple 44Staple 46
                                                       AP total
American Pima           110.00    90.50    98.25          0         2,064




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            1/13/2020         67.07
Oct-20          62.59    62.69    -0.10                Season low
Dec-20          62.13    62.63    -0.50            4/1/2020         43.23
Mar-21          62.85    63.31    -0.46
May-21          63.52    64.01    -0.49         EFFECTIVE  Jul 10 - Jul 16
Jul-21          64.08    64.61    -0.53                AWP          51.48
Oct-21          63.19    63.88    -0.69            CC ADJ.           0.00
Dec-21          62.69    63.20    -0.51         FC ADJ. - 2          0.53
Mar-22          63.49    64.00    -0.51         FC ADJ. - 2          0.38
May-22          64.19    64.70    -0.51                LDP           0.52
Jul-22          64.84    65.35    -0.51
                                                EFFECTIVE  Jul 10 - Jul 16
                                                       PCP           6.00



AVERAGE PREMIUMS AND DISCOUNTS - TENDERABLE QUALITIES 3/

               COLOR    COLOR    COLOR    COLOR      COLOR
                   11       21       31       41         51
 STAPLE 33
 LEAF 1 & 2      -108     -108     -158     -300       -515
     3           -128     -128     -168     -310       -520
     4           -230     -230     -280     -390       -550
     5           -350     -350     -395     -530       -710
 STAPLE 34
 LEAF 1 & 2       132      132       67       45       -275
     3            107      107       62       39       -295
     4             55       55       40        0       -350
     5           -125     -125     -160     -300       -523
 STAPLE 35
 LEAF 1 & 2       370      370      300      150       -175
     3            315      315      265      102       -190
     4            170      170      130       50       -270
     5             20       20      -40     -195       -445
 Staple 36
 Leaf 1 & 2       564      564      499      247       -138
     3            524      524      469      197       -148
     4            337      337      277      142       -230
     5            115      115       40     -108       -405
 Staple 37
 Leaf 1 & 2       612      612      561      259       -131
     3            557      557      516      209       -141
     4            364      364      309      164       -213
     5            142      142       64      -86       -385

               COLOR    COLOR    COLOR
                   12       22       32
 STAPLE 33
 LEAF 1 & 2      -275     -275     -380
     3           -290     -290     -395
     4
     5
 STAPLE 34
 LEAF 1 & 2        30       30     -120
     3             20       20     -140
     4
     5
 STAPLE 35
 LEAF 1 & 2       180      180       10
     3            140      140      -15
     4
     5
 Staple 36
 Leaf 1 & 2       292      292       62
     3            237      237       37
     4
     5
 Staple 37
 Leaf 1 & 2       339      339       94
     3            279      279       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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