0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 17-Apr-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 -325 Jul-24 78.08 80.83 0 62,602 North Delta -425 Jul-24 77.08 79.08 0 37,222 South Delta -425 Jul-24 77.08 79.08 0 17,423 East TX-South TX -1225 Jul-24 69.08 72.33 0 97,201 West TX-KS-OK -1200 Jul-24 69.33 72.83 0 573,372 Desert SW -1100 Jul-24 70.33 73.58 0 24,732 SJ Valley -1075 Jul-24 70.58 79.48 0 0 Upland total Average -825 Jul-24 73.08 76.74 0 812,552 Previous -704 May-24 74.25 77.92 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 176.00 157.50 165.25 0 5,349 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 2/28/2024 95.87 May-24 79.56 81.29 -1.73 Season low Jul-24 81.33 83.09 -1.76 11/8/2023 70.07 Oct-24 79.06 79.05 0.01 Dec-24 78.54 79.14 -0.60 EFFECTIVE Apr 12 - Apr 18 Mar-25 79.84 80.46 -0.62 AWP 65.43 May-25 80.91 81.46 -0.55 CC ADJ. 0.00 Jul-25 81.58 82.07 -0.49 FC ADJ. - 2 0.08 Oct-25 78.40 78.80 -0.40 FC ADJ. - 2 0.33 Dec-25 76.96 77.26 -0.30 LDP 0.00 Mar-26 77.57 78.01 -0.44 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 -150 -150 -215 -345 -550 3 -170 -170 -230 -355 -555 4 -260 -260 -315 -430 -585 5 -370 -370 -420 -570 -745 STAPLE 34 LEAF 1 & 2 155 155 105 30 -290 3 120 120 85 15 -310 4 55 55 40 0 -370 5 -135 -135 -170 -325 -540 STAPLE 35 LEAF 1 & 2 390 390 340 120 -190 3 335 335 295 82 -205 4 185 185 155 42 -295 5 0 0 -55 -223 -465 Staple 36 Leaf 1 & 2 573 573 518 252 -153 3 543 543 483 199 -163 4 322 322 272 114 -255 5 85 85 10 -146 -430 Staple 37 Leaf 1 & 2 652 652 588 259 -146 3 611 611 543 211 -161 4 359 359 314 131 -238 5 137 137 64 -124 -410 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -265 -265 -405 3 -280 -280 -425 4 5 STAPLE 34 LEAF 1 & 2 45 45 -125 3 30 30 -150 4 5 STAPLE 35 LEAF 1 & 2 210 210 5 3 170 170 -20 4 5 Staple 36 Leaf 1 & 2 315 315 57 3 270 270 32 4 5 Staple 37 Leaf 1 & 2 372 372 94 3 317 317 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-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