0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 20-Nov-24 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 -250 Mar-25 67.78 72.03 1,672 8,387 North Delta -400 Mar-25 66.28 68.28 0 2,917 South Delta -400 Mar-25 66.28 68.78 0 5,368 East TX-South TX -575 Mar-25 64.53 68.78 1,901 88,645 West TX-KS-OK -625 Mar-25 64.03 67.78 1,172 25,731 Desert SW -650 Mar-25 63.78 67.03 0 23 SJ Valley -625 Mar-25 64.03 72.93 0 0 Upland total Average -504 Mar-25 65.24 69.37 4,745 131,071 Previous -504 Mar-25 64.21 68.34 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 149.00 130.50 138.25 0 5,866 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 9/24/2024 67.70 Dec-24 68.46 66.89 1.57 Season low Mar-25 70.28 69.25 1.03 8/6/2024 58.84 May-25 71.51 70.50 1.01 Jul-25 72.65 71.68 0.97 EFFECTIVE Nov 15 - Nov 21 Oct-25 71.43 70.61 0.82 AWP 58.20 Dec-25 71.26 70.58 0.68 CC ADJ. 0.00 Mar-26 72.22 71.55 0.67 FC ADJ. - 2 0.29 May-26 72.89 72.23 0.66 FC ADJ. - 2 0.00 Jul-26 73.38 72.73 0.65 LDP 0.00 Oct-26 72.20 71.53 0.67 EFFECTIVE Nov 15 - Nov 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 -135 -135 -205 -340 -540 3 -155 -155 -220 -345 -550 4 -250 -250 -305 -420 -580 5 -360 -360 -410 -560 -735 STAPLE 34 LEAF 1 & 2 195 195 130 45 -280 3 155 155 110 30 -305 4 65 65 50 0 -365 5 -125 -125 -160 -315 -530 STAPLE 35 LEAF 1 & 2 445 445 395 160 -190 3 390 390 355 127 -205 4 225 225 195 67 -295 5 25 25 -30 -216 -465 Staple 36 Leaf 1 & 2 675 675 615 305 -153 3 645 645 588 262 -163 4 362 362 315 169 -255 5 110 110 35 -139 -430 Staple 37 Leaf 1 & 2 755 755 680 327 -146 3 714 714 648 289 -161 4 399 399 372 196 -238 5 162 162 89 -117 -410 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -245 -245 -395 3 -260 -260 -415 4 5 STAPLE 34 LEAF 1 & 2 75 75 -115 3 60 60 -140 4 5 STAPLE 35 LEAF 1 & 2 225 225 5 3 185 185 -15 4 5 Staple 36 Leaf 1 & 2 335 335 67 3 290 290 47 4 5 Staple 37 Leaf 1 & 2 392 392 104 3 337 337 79 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-South Texas, West Texas-Kansas-Oklahoma, 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