0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 23-Oct-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 -400 Dec-24 68.51 71.76 0 2,322 North Delta -500 Dec-24 67.51 69.51 0 682 South Delta -500 Dec-24 67.51 69.51 0 733 East TX-South TX -525 Dec-24 67.26 71.51 787 67,406 West TX-KS-OK -600 Dec-24 66.51 70.01 385 6,318 Desert SW -750 Dec-24 65.01 68.26 0 23 SJ Valley -725 Dec-24 65.26 74.16 0 0 Upland total Average -571 Dec-24 66.80 70.67 1,172 77,484 Previous -579 Dec-24 66.29 70.17 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 72.51 72.08 0.43 Season low Mar-25 74.53 74.04 0.49 8/6/2024 58.84 May-25 75.86 75.41 0.45 Jul-25 76.78 76.37 0.41 EFFECTIVE Oct 18 - Oct 24 Oct-25 75.23 74.71 0.52 AWP 59.24 Dec-25 73.75 73.60 0.15 CC ADJ. 0.00 Mar-26 74.32 74.30 0.02 FC ADJ. - 2 0.02 May-26 74.82 74.80 0.02 FC ADJ. - 2 0.00 Jul-26 75.16 75.16 0.00 LDP 0.00 Oct-26 74.20 74.20 0.00 EFFECTIVE Oct 18 - Oct 24 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 -140 -140 -205 -340 -540 3 -160 -160 -220 -345 -550 4 -250 -250 -305 -420 -580 5 -360 -360 -410 -560 -735 STAPLE 34 LEAF 1 & 2 185 185 130 45 -280 3 150 150 110 30 -305 4 65 65 50 0 -365 5 -125 -125 -160 -315 -530 STAPLE 35 LEAF 1 & 2 410 410 365 135 -190 3 355 355 325 102 -205 4 195 195 165 62 -295 5 0 0 -55 -218 -465 Staple 36 Leaf 1 & 2 643 643 583 277 -153 3 613 613 553 229 -163 4 332 332 282 139 -255 5 85 85 10 -141 -430 Staple 37 Leaf 1 & 2 722 722 648 299 -146 3 681 681 613 256 -161 4 369 369 339 166 -238 5 137 137 64 -119 -410 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -255 -255 -395 3 -270 -270 -415 4 5 STAPLE 34 LEAF 1 & 2 65 65 -115 3 50 50 -140 4 5 STAPLE 35 LEAF 1 & 2 210 210 5 3 170 170 -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