0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 04-Feb-25 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 -125 Mar-25 65.69 70.19 1,215 28,358 North Delta -250 Mar-25 64.44 66.44 0 14,625 South Delta -250 Mar-25 64.44 66.94 0 7,379 East TX-South TX -600 Mar-25 60.94 65.19 104 118,804 West TX-KS-OK -475 Mar-25 62.19 64.69 4,432 447,262 Desert SW -525 Mar-25 61.69 64.94 0 7,463 SJ Valley -500 Mar-25 61.94 70.84 0 0 Upland total Average -389 Mar-25 63.05 67.03 5,751 623,891 Previous -389 Mar-25 62.15 66.13 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 159.00 140.50 148.25 0 9,850 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 Mar-25 66.94 66.04 0.90 Season low May-25 68.05 67.11 0.94 8/6/2024 58.84 Jul-25 69.10 68.22 0.88 Oct-25 69.47 68.68 0.79 EFFECTIVE Jan 31 - Feb 06 Dec-25 69.37 68.49 0.88 AWP 54.02 Mar-26 70.51 69.67 0.84 CC ADJ. 0.00 May-26 71.33 70.50 0.83 FC ADJ. - 2 0.39 Jul-26 71.93 71.14 0.79 FC ADJ. - 2 0.00 Oct-26 69.93 68.93 1.00 LDP 0.00 Dec-26 69.16 68.48 0.68 EFFECTIVE Jan 31 - Feb 06 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 -330 -540 3 -155 -155 -220 -340 -550 4 -255 -255 -305 -420 -580 5 -365 -365 -410 -555 -735 STAPLE 34 LEAF 1 & 2 180 180 115 45 -275 3 140 140 95 30 -300 4 65 65 50 0 -365 5 -125 -125 -155 -310 -530 STAPLE 35 LEAF 1 & 2 415 415 375 160 -185 3 360 360 335 137 -200 4 225 225 195 77 -295 5 20 20 -25 -211 -465 Staple 36 Leaf 1 & 2 650 650 600 310 -148 3 620 620 573 262 -158 4 362 362 315 174 -255 5 110 110 40 -139 -430 Staple 37 Leaf 1 & 2 730 730 660 332 -141 3 689 689 628 289 -156 4 394 394 367 201 -238 5 162 162 94 -117 -410 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -235 -235 -380 3 -255 -255 -400 4 5 STAPLE 34 LEAF 1 & 2 65 65 -110 3 50 50 -135 4 5 STAPLE 35 LEAF 1 & 2 200 200 10 3 160 160 -10 4 5 Staple 36 Leaf 1 & 2 310 310 67 3 265 265 47 4 5 Staple 37 Leaf 1 & 2 372 372 99 3 317 317 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