0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 06-Dec-23 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 -200 Mar-24 77.75 80.50 1,709 25,274 North Delta -275 Mar-24 77.00 79.00 757 15,134 South Delta -275 Mar-24 77.00 79.00 0 7,472 East TX-South TX -525 Mar-24 74.50 77.75 2,095 75,516 West TX-KS-OK -425 Mar-24 75.50 78.25 16,648 119,761 Desert SW -575 Mar-24 74.00 77.25 1,400 2,602 SJ Valley -550 Mar-24 74.25 83.15 0 0 Upland total Average -404 Mar-24 75.71 79.27 22,609 245,759 Previous -407 Mar-24 75.61 79.09 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 184.00 165.50 173.25 0 152 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 9/1/2023 84.57 Dec-23 78.75 78.68 0.07 Season low Mar-24 79.75 79.68 0.07 11/8/2023 70.07 May-24 80.45 80.27 0.18 Jul-24 80.93 80.73 0.20 EFFECTIVE Dec 01 - Dec 07 Oct-24 78.33 78.33 0.00 AWP 64.18 Dec-24 77.41 77.23 0.18 CC ADJ. 0.00 Mar-25 77.83 77.67 0.16 FC ADJ. - 2 0.43 May-25 77.80 77.77 0.03 FC ADJ. - 2 0.68 Jul-25 77.90 77.87 0.03 LDP 0.00 Oct-25 76.80 76.77 0.03 EFFECTIVE Dec 01 - Dec 07 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 -195 -325 -540 3 -155 -155 -210 -335 -545 4 -250 -250 -300 -415 -575 5 -360 -360 -405 -560 -735 STAPLE 34 LEAF 1 & 2 140 140 95 35 -290 3 115 115 75 20 -310 4 50 50 35 0 -365 5 -140 -140 -175 -325 -535 STAPLE 35 LEAF 1 & 2 380 380 325 125 -190 3 325 325 280 87 -205 4 180 180 150 47 -285 5 -5 -5 -60 -208 -455 Staple 36 Leaf 1 & 2 550 550 490 232 -153 3 520 520 455 179 -163 4 307 307 257 109 -245 5 80 80 5 -136 -420 Staple 37 Leaf 1 & 2 628 628 575 244 -146 3 591 591 530 196 -161 4 349 349 309 136 -233 5 132 132 59 -109 -405 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -255 -255 -400 3 -270 -270 -420 4 5 STAPLE 34 LEAF 1 & 2 45 45 -130 3 30 30 -155 4 5 STAPLE 35 LEAF 1 & 2 215 215 0 3 175 175 -25 4 5 Staple 36 Leaf 1 & 2 315 315 52 3 270 270 27 4 5 Staple 37 Leaf 1 & 2 377 377 89 3 322 322 59 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