0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 06-Oct-17 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 N.Y. Futures Staple 34Staple 35 Today Season Points Month cents/lb.cents/lb. bales bales Southeast 75 Dec-17 69.59 70.84 0 874 North Delta 0 Dec-17 68.84 70.09 0 120 South Delta 0 Dec-17 68.84 70.09 0 2 East TX-OK -59 Dec-17 68.25 69.75 263 40,870 West Texas -109 Dec-17 67.75 69.25 0 2,324 Desert SW -525 Dec-17 63.59 67.59 0 0 SJ Valley -425 Dec-17 64.59 73.49 0 0 Upland total Average -149 Dec-17 67.35 70.16 263 44,190 Previous -140 Dec-17 66.87 69.68 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 146.00 124.25 131.25 0 0 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 9/5/2017 73.47 Oct-17 69.47 68.90 0.57 Season low Dec-17 68.84 68.27 0.57 8/17/2017 65.36 Mar-18 68.29 67.68 0.61 May-18 68.97 68.40 0.57 EFFECTIVE Oct 06 - Oct 12 Jul-18 69.41 68.91 0.50 AWP 60.04 Oct-18 68.02 67.60 0.42 CC ADJ. 0.00 Dec-18 68.46 67.88 0.58 FCA 2016 Cr 0.57 Mar-19 68.51 67.93 0.58 FCA 2017 Cr 0.72 May-19 68.58 67.97 0.61 LDP 0.00 Jul-19 68.70 68.04 0.66 EFFECTIVE Oct 06 - Oct 12 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 -55 -55 -90 -235 -430 3 -75 -75 -100 -245 -435 4 -175 -175 -220 -340 -465 5 -290 -290 -310 -420 -625 STAPLE 34 LEAF 1 & 2 95 95 60 30 -230 3 75 75 55 25 -250 4 35 35 15 0 -305 5 -95 -95 -140 -245 -450 STAPLE 35 LEAF 1 & 2 280 280 235 100 -130 3 220 220 190 57 -145 4 125 125 70 25 -215 5 40 40 -15 -145 -355 Staple 36 Leaf 1 & 2 399 399 374 209 -91 3 339 339 314 169 -101 4 269 269 199 124 -163 5 142 142 64 -61 -310 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -185 -185 -285 3 -200 -200 -300 4 0 5 0 STAPLE 34 LEAF 1 & 2 50 50 -80 3 45 45 -95 4 0 5 0 STAPLE 35 LEAF 1 & 2 175 175 50 3 135 135 13 4 0 5 0 Staple 36 Leaf 1 & 2 304 304 119 3 259 259 94 4 0 5 0 1/ Settlement prices provided by New York Cotton Exchange. 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