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MP_CN002 Memphis, TN Cotton and Tobacco Progr 24-Jan-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 -125 Mar-20 68.15 70.40 1,140 37,460
North Delta -275 Mar-20 66.65 68.90 0 76,705
South Delta -275 Mar-20 66.65 68.90 0 6,918
East TX-OK -525 Mar-20 64.15 66.40 6,283 414,217
West Texas -525 Mar-20 64.15 66.65 9,499 601,858
Desert SW -725 Mar-20 62.15 66.15 785 35,098
SJ Valley -675 Mar-20 62.65 71.55 0 0
Upland total
Average -446 Mar-20 64.94 68.42 17,707 1,172,256
Previous -446 Mar-20 65.57 69.05
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 0 515
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
Mar-20 69.40 70.03 -0.63 Season low
May-20 70.20 70.75 -0.55 8/5/2019 52.73
Jul-20 71.12 71.59 -0.47
Oct-20 70.39 69.79 0.60 EFFECTIVE Jan 24 - Jan 30
Dec-20 70.54 70.70 -0.16 AWP 61.29
Mar-21 70.82 70.91 -0.09 CC ADJ. 0.00
May-21 70.54 70.55 -0.01 FC ADJ. - 2 0.60
Jul-21 70.14 70.14 0.00 FC ADJ. - 2 0.45
Oct-21 69.34 69.34 0.00 LDP 0.00
Dec-21 68.34 68.34 0.00
EFFECTIVE Jan 24 - Jan 30
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 -108 -108 -148 -290 -505
3 -123 -123 -158 -300 -510
4 -225 -225 -275 -390 -540
5 -345 -345 -390 -525 -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 45 -270
5 20 20 -40 -195 -445
Staple 36
Leaf 1 & 2 514 514 469 227 -133
3 474 474 439 177 -143
4 307 307 247 112 -225
5 115 115 40 -108 -395
Staple 37
Leaf 1 & 2 557 557 521 239 -126
3 502 502 476 194 -136
4 334 334 269 139 -208
5 137 137 59 -91 -380
COLOR COLOR COLOR
12 22 32
STAPLE 33
LEAF 1 & 2 -270 -270 -385
3 -285 -285 -400
4
5
STAPLE 34
LEAF 1 & 2 35 35 -120
3 25 25 -140
4
5
STAPLE 35
LEAF 1 & 2 175 175 -5
3 135 135 -30
4
5
Staple 36
Leaf 1 & 2 272 272 47
3 217 217 22
4
5
Staple 37
Leaf 1 & 2 319 319 74
3 264 264 49
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
