0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 13-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 -300 Dec-24 65.90 69.15 0 2,715 North Delta -425 Dec-24 64.65 66.65 0 2,917 South Delta -425 Dec-24 64.65 66.65 0 734 East TX-South TX -475 Dec-24 64.15 68.40 1,155 83,953 West TX-KS-OK -525 Dec-24 63.65 67.15 881 20,441 Desert SW -650 Dec-24 62.40 65.65 0 23 SJ Valley -625 Dec-24 62.65 71.55 0 0 Upland total Average -489 Dec-24 64.01 67.89 2,036 110,783 Previous -496 Dec-24 64.73 68.60 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 4,966 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 68.90 69.69 -0.79 Season low Mar-25 71.10 72.20 -1.10 8/6/2024 58.84 May-25 72.38 73.55 -1.17 Jul-25 73.57 74.78 -1.21 EFFECTIVE Nov 08 - Nov 14 Oct-25 72.88 73.72 -0.84 AWP 57.96 Dec-25 72.04 72.72 -0.68 CC ADJ. 0.00 Mar-26 72.85 73.49 -0.64 FC ADJ. - 2 0.23 May-26 73.46 74.08 -0.62 FC ADJ. - 2 0.00 Jul-26 73.92 74.53 -0.61 LDP 0.00 Oct-26 72.68 73.26 -0.58 EFFECTIVE Nov 08 - Nov 14 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 & 2 190 190 130 45 -280 3 155 155 110 30 -305 4 65 65 50 0 -365 5 -125 -125 -160 -315 -530 STAPLE 35 LEAF 1 & 2 415 415 365 135 -190 3 360 360 325 102 -205 4 195 195 165 62 -295 5 0 0 -55 -218 -465 Staple 36 Leaf 1 & 2 645 645 585 280 -153 3 615 615 558 237 -163 4 332 332 285 144 -255 5 85 85 10 -141 -430 Staple 37 Leaf 1 & 2 725 725 650 302 -146 3 684 684 618 264 -161 4 369 369 342 171 -238 5 137 137 64 -119 -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 & 2 220 220 5 3 180 180 -15 4 5 Staple 36 Leaf 1 & 2 330 330 67 3 285 285 47 4 5 Staple 37 Leaf 1 & 2 387 387 104 3 332 332 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