0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 11-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 69.48 70.73 1,064 1,938 North Delta 0 Dec-17 68.73 69.98 0 120 South Delta 0 Dec-17 68.73 69.98 0 2 East TX-OK -123 Dec-17 67.50 69.00 1,435 44,315 West Texas -173 Dec-17 67.00 68.50 259 2,583 Desert SW -525 Dec-17 63.48 67.48 0 0 SJ Valley -425 Dec-17 64.48 73.38 0 0 Upland total Average -167 Dec-17 67.06 69.86 2,758 48,958 Previous -174 Dec-17 67.21 70.02 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 130.00 108.25 115.25 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 Dec-17 68.73 68.95 -0.22 Season low Mar-18 68.30 68.38 -0.08 8/17/2017 65.36 May-18 69.00 69.00 0.00 Jul-18 69.48 69.44 0.04 EFFECTIVE Oct 06 - Oct 12 Oct-18 68.17 68.11 0.06 AWP 60.04 Dec-18 68.53 68.49 0.04 CC ADJ. 0.00 Mar-19 68.58 68.54 0.04 FCA 2016 Cr 0.57 May-19 68.68 68.66 0.02 FCA 2017 Cr 0.72 Jul-19 68.78 68.76 0.02 LDP 0.00 Oct-19 67.64 67.62 0.02 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 25 -230 3 75 75 55 20 -250 4 30 30 15 0 -305 5 -100 -100 -140 -250 -450 STAPLE 35 LEAF 1 & 2 275 275 235 100 -130 3 215 215 190 57 -145 4 120 120 70 25 -215 5 35 35 -15 -145 -355 Staple 36 Leaf 1 & 2 394 394 374 209 -91 3 334 334 314 169 -101 4 264 264 199 124 -163 5 137 137 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 & 2 170 170 50 3 130 130 13 4 0 5 0 Staple 36 Leaf 1 & 2 299 299 119 3 254 254 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