Daily Cotton

                                                          0
MP_CN002    Memphis, TN Cotton and Tobacco Progr  18-Apr-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    Jul-19      75.02    77.27          0        18,448
North Delta   -450    Jul-19      73.77    75.52          0         4,663
South Delta   -450    Jul-19      73.77    75.52          0         1,873
East TX-OK    -625    Jul-19      72.02    74.27        865       451,465
West Texas    -625    Jul-19      72.02    74.77      1,795       573,306
Desert SW     -700    Jul-19      71.27    75.27          0        50,418
SJ Valley     -650    Jul-19      71.77    80.67          0             0
                                                Upland total
Average       -546    Jul-19      72.81    76.18      2,660     1,100,173
Previous      -546    Jul-19      73.50    76.87


            AMERICAN PIMA SPOT PRICE QUOTATIONS

                      Grade 2  Grade 3  Grade 3    SPOT TRANSACTIONS
                     Staple 46Staple 44Staple 46
                                                       AP total
American Pima           120.00    97.50   105.25          0         3,453




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
May-19          77.31    78.11    -0.80                Season low
Jul-19          78.27    78.96    -0.69           2/13/2019         65.15
Oct-19          77.23    77.74    -0.51
Dec-19          77.05    77.41    -0.36         EFFECTIVE  Apr 12 - Apr 18
Mar-20          77.09    77.36    -0.27                AWP          69.21
May-20          76.77    76.96    -0.19            CC ADJ.           0.00
Jul-20          76.24    76.30    -0.06         FCA 2016 Cr          0.30
Oct-20          74.84    74.76     0.08         FCA 2017 Cr          0.35
Dec-20          73.25    73.31    -0.06                LDP           0.00
Mar-21          73.58    73.57     0.01
                                                EFFECTIVE  Apr 12 - Apr 18
                                                       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       -73      -73     -118     -260       -480
     3            -88      -88     -128     -270       -485
     4           -195     -195     -245     -365       -515
     5           -310     -310     -340     -470       -675
 STAPLE 34
 LEAF 1 & 2       147      147       87       49       -250
     3            122      122       82       44       -270
     4             70       70       50        0       -325
     5            -80      -80     -115     -245       -470
 STAPLE 35
 LEAF 1 & 2       355      355      295      140       -170
     3            300      300      260       92       -185
     4            175      175      130       60       -255
     5             55       55       -5     -145       -395
 Staple 36
 Leaf 1 & 2       504      504      454      222       -123
     3            469      469      429      172       -133
     4            312      312      247      122       -205
     5            155      155       75      -63       -350
 Staple 37
 Leaf 1 & 2       552      552      506      234       -116
     3            497      497      466      189       -126
     4            339      339      269      149       -188
     5            177      177       94      -46       -335

               COLOR    COLOR    COLOR
                   12       22       32
 STAPLE 33
 LEAF 1 & 2      -255     -255     -370
     3           -270     -270     -385
     4
     5
 STAPLE 34
 LEAF 1 & 2        55       55     -100
     3             45       45     -120
     4
     5
 STAPLE 35
 LEAF 1 & 2       185      185       10
     3            145      145      -20
     4
     5
 Staple 36
 Leaf 1 & 2       292      292       72
     3            242      242       47
     4
     5
 Staple 37
 Leaf 1 & 2       334      334       99
     3            284      284       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

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