0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 28-Mar-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 May-25 65.65 70.40 0 48,845 North Delta -250 May-25 64.40 66.40 0 33,898 South Delta -250 May-25 64.40 66.90 0 8,181 East TX-South TX -525 May-25 61.65 65.90 1,254 128,075 West TX-KS-OK -425 May-25 62.65 65.15 7,926 610,637 Desert SW -500 May-25 61.90 65.15 0 8,406 SJ Valley -475 May-25 62.15 71.05 0 0 Upland total Average -364 May-25 63.26 67.28 9,180 838,042 Previous -364 May-25 63.43 67.45 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 11,953 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 May-25 66.90 67.07 -0.17 Season low Jul-25 68.10 68.34 -0.24 8/6/2024 58.84 Oct-25 69.95 70.19 -0.24 Dec-25 70.09 70.29 -0.20 EFFECTIVE Mar 28 - Apr 03 Mar-26 71.23 71.44 -0.21 AWP 53.66 May-26 71.87 72.12 -0.25 CC ADJ. 0.00 Jul-26 72.23 72.54 -0.31 FC ADJ. - 2 0.00 Oct-26 70.22 70.53 -0.31 FC ADJ. - 2 0.00 Dec-26 69.16 69.50 -0.34 LDP 0.00 Mar-27 70.07 70.41 -0.34 EFFECTIVE Mar 28 - Apr 03 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 -130 -130 -200 -330 -540 3 -150 -150 -210 -335 -550 4 -255 -255 -295 -415 -580 5 -365 -365 -410 -550 -735 STAPLE 34 LEAF 1 & 2 180 180 125 45 -270 3 140 140 100 30 -295 4 65 65 55 0 -360 5 -125 -125 -155 -310 -525 STAPLE 35 LEAF 1 & 2 420 420 380 165 -180 3 365 365 340 142 -195 4 230 230 200 82 -290 5 20 20 -25 -211 -460 Staple 36 Leaf 1 & 2 655 655 608 322 -138 3 625 625 580 274 -148 4 372 372 325 184 -245 5 115 115 45 -134 -420 Staple 37 Leaf 1 & 2 735 735 673 349 -131 3 694 694 640 306 -146 4 404 404 379 216 -228 5 167 167 99 -107 -400 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 70 70 -110 3 50 50 -135 4 5 STAPLE 35 LEAF 1 & 2 205 205 10 3 160 160 -10 4 5 Staple 36 Leaf 1 & 2 315 315 72 3 270 270 52 4 5 Staple 37 Leaf 1 & 2 377 377 104 3 322 322 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