0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 02-Dec-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 -200 Mar-25 69.49 73.74 0 13,736 North Delta -400 Mar-25 67.49 69.49 0 5,528 South Delta -400 Mar-25 67.49 69.99 0 5,368 East TX-South TX -575 Mar-25 65.74 69.99 214 104,843 West TX-KS-OK -625 Mar-25 65.24 68.74 4,023 63,824 Desert SW -650 Mar-25 64.99 68.24 0 23 SJ Valley -625 Mar-25 65.24 74.14 0 0 Upland total Average -496 Mar-25 66.53 70.62 4,237 193,322 Previous -496 Mar-25 66.97 71.06 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 169.00 150.50 158.25 0 6,820 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 72.43 73.35 -0.92 Season low Mar-25 71.49 71.93 -0.44 8/6/2024 58.84 May-25 72.65 72.98 -0.33 Jul-25 73.57 73.93 -0.36 EFFECTIVE Nov 29 - Dec 05 Oct-25 72.57 73.01 -0.44 AWP 57.53 Dec-25 72.27 72.58 -0.31 CC ADJ. 0.00 Mar-26 73.09 73.49 -0.40 FC ADJ. - 2 0.33 May-26 73.69 74.10 -0.41 FC ADJ. - 2 0.00 Jul-26 74.19 74.59 -0.40 LDP 0.00 Oct-26 72.95 73.35 -0.40 EFFECTIVE Nov 29 - Dec 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 -125 -125 -205 -340 -540 3 -145 -145 -220 -345 -550 4 -250 -250 -305 -420 -580 5 -360 -360 -410 -560 -735 STAPLE 34 LEAF 1 & 2 200 200 130 45 -280 3 160 160 110 30 -305 4 65 65 50 0 -365 5 -125 -125 -160 -315 -530 STAPLE 35 LEAF 1 & 2 440 440 390 160 -190 3 385 385 350 127 -205 4 225 225 195 67 -295 5 25 25 -30 -216 -465 Staple 36 Leaf 1 & 2 673 673 613 307 -153 3 643 643 585 259 -163 4 362 362 315 164 -255 5 110 110 35 -144 -430 Staple 37 Leaf 1 & 2 747 747 673 329 -146 3 706 706 640 286 -161 4 394 394 367 191 -238 5 162 162 89 -122 -410 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -235 -235 -390 3 -250 -250 -410 4 5 STAPLE 34 LEAF 1 & 2 85 85 -110 3 70 70 -135 4 5 STAPLE 35 LEAF 1 & 2 225 225 10 3 185 185 -10 4 5 Staple 36 Leaf 1 & 2 335 335 67 3 290 290 47 4 5 Staple 37 Leaf 1 & 2 392 392 104 3 337 337 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