0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 03-Sep-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 Oct-24 67.76 71.01 0 1,234 North Delta -450 Oct-24 66.26 68.26 0 592 South Delta -450 Oct-24 66.26 68.26 0 185 East TX-South TX -525 Oct-24 65.51 69.51 1,253 16,462 West TX-KS-OK -675 Oct-24 64.01 67.51 0 1,310 Desert SW -850 Oct-24 62.26 65.51 0 0 SJ Valley -825 Oct-24 62.51 71.41 0 0 Upland total Average -582 Oct-24 64.94 68.78 1,253 19,783 Previous -582 Oct-24 63.97 67.81 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 143.00 124.50 132.25 0 960 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 9/3/2024 64.94 Oct-24 70.76 69.79 0.97 Season low Dec-24 70.50 69.99 0.51 8/6/2024 58.84 Mar-25 72.21 71.65 0.56 May-25 73.39 72.87 0.52 EFFECTIVE Aug 30 - Sep 05 Jul-25 73.99 73.55 0.44 AWP 56.98 Oct-25 72.72 72.39 0.33 CC ADJ. 0.00 Dec-25 71.60 71.46 0.14 FC ADJ. - 2 0.18 Mar-26 72.86 72.72 0.14 FC ADJ. - 2 0.00 May-26 73.55 73.41 0.14 LDP 0.00 Jul-26 73.99 73.85 0.14 EFFECTIVE Aug 30 - Sep 05 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 -150 -150 -210 -345 -550 3 -170 -170 -225 -350 -555 4 -260 -260 -310 -425 -585 5 -370 -370 -420 -570 -745 STAPLE 34 LEAF 1 & 2 160 160 110 30 -290 3 125 125 90 20 -310 4 55 55 45 0 -370 5 -135 -135 -170 -325 -540 STAPLE 35 LEAF 1 & 2 410 410 360 130 -190 3 355 355 320 97 -205 4 195 195 165 57 -295 5 0 0 -55 -223 -465 Staple 36 Leaf 1 & 2 608 608 548 267 -153 3 578 578 518 219 -163 4 332 332 282 129 -255 5 85 85 10 -146 -430 Staple 37 Leaf 1 & 2 697 697 618 279 -146 3 656 656 578 231 -161 4 369 369 329 141 -238 5 137 137 64 -124 -410 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -265 -265 -405 3 -280 -280 -425 4 5 STAPLE 34 LEAF 1 & 2 45 45 -125 3 30 30 -150 4 5 STAPLE 35 LEAF 1 & 2 210 210 5 3 170 170 -20 4 5 Staple 36 Leaf 1 & 2 330 330 67 3 285 285 42 4 5 Staple 37 Leaf 1 & 2 387 387 104 3 332 332 74 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