0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 07-Nov-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 68.82 70.07 64 5,081 North Delta -75 Dec-17 67.32 68.82 0 6,071 South Delta -75 Dec-17 67.32 68.82 0 4,493 East TX-OK -57 Dec-17 67.50 69.00 1,253 93,969 West Texas -32 Dec-17 67.75 69.25 18,567 47,515 Desert SW -525 Dec-17 62.82 66.82 0 0 SJ Valley -400 Dec-17 64.07 72.97 0 584 Upland total Average -156 Dec-17 66.51 69.39 19,884 157,713 Previous -164 Dec-17 67.21 70.09 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 68.07 68.85 -0.78 Season low Mar-18 68.46 69.10 -0.64 10/20/2017 65.24 May-18 69.51 70.15 -0.64 Jul-18 70.25 70.86 -0.61 EFFECTIVE Nov 03 - Nov 09 Oct-18 69.57 70.09 -0.52 AWP 61.05 Dec-18 69.40 69.96 -0.56 CC ADJ. 0.00 Mar-19 69.42 69.98 -0.56 FCA 2016 Cr 0.33 May-19 69.51 70.05 -0.54 FCA 2017 Cr 0.48 Jul-19 69.58 70.09 -0.51 LDP 0.00 Oct-19 68.89 69.40 -0.51 EFFECTIVE Nov 03 - Nov 09 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 -45 -45 -90 -235 -430 3 -65 -65 -100 -245 -435 4 -165 -165 -220 -340 -465 5 -280 -280 -310 -420 -625 STAPLE 34 LEAF 1 & 2 105 105 60 25 -230 3 85 85 55 20 -250 4 40 40 15 0 -305 5 -90 -90 -140 -250 -450 STAPLE 35 LEAF 1 & 2 290 290 240 105 -130 3 230 230 195 62 -145 4 135 135 85 30 -215 5 40 40 -20 -145 -355 Staple 36 Leaf 1 & 2 434 434 394 229 -81 3 369 369 334 189 -91 4 289 289 219 144 -153 5 152 152 69 -51 -300 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -175 -175 -275 3 -190 -190 -290 4 0 5 0 STAPLE 34 LEAF 1 & 2 60 60 -70 3 55 55 -85 4 0 5 0 STAPLE 35 LEAF 1 & 2 170 170 60 3 130 130 23 4 0 5 0 Staple 36 Leaf 1 & 2 309 309 139 3 264 264 114 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