MP_CN001                            0
MEMPHIS, TN                  2/9/2012        USDA Cotton and Tobacco Programs, MND

       MARKET        41-4/34 31-3/35  BALES    FUTURES     TODAY
                                                Mar-12     90.38
SOUTHEAST             84.63   86.38    1045     May-12     91.88
NORTH DELTA           84.13   85.13     0       Jul-12     93.45
SOUTH DELTA           84.13   85.13     4       Oct-12     93.65
EAST TX-OK            80.00   84.75    141      Dec-12     92.88
WEST TEXAS            80.25   85.75    3147     Mar-13     94.05
DESERT SW             83.63   89.38    130      May-13     94.06
SJ VALLEY             84.88   95.28     0       Jul-13     94.17
                                                Oct-13     92.74
AVERAGE               83.09   87.40    4467     Dec-13     93.38
COTTON QUOTATIONS FOR SELECTED QUALITIES                   MIKE              STRENGTH
                                                         24 & Belo  -875   19.0 - 19.9    -175
EAST TX-OK            31-3    41-4     32-3      42-4      25-26    -825   20.0 - 20.9    -175
      STAPLE 32       -325    -450     -500      -575      27-29    -575   21.0 - 21.9    -150
      STAPLE 33        -75    -300     -350      -500      30-32    -300   22.0 - 22.9    -125
      STAPLE 34        275      0       25       -75       33-34    -150   23.0 - 23.9    -100
      STAPLE 35        475     150      50       -50     Base 35-3   0     24.0 - 24.9    -100
      STAPLE 36        550     200     175        0        37-42     15    25.0 - 25.9    -100
      STAPLE 37        550     200     175        0      Base 43-4   0     26.0 - 26.9    -50
                                                           50-52    -265  Base 27.0 - 28   0
        Prep            1        -200                    53 & Abov  -400   29.0 - 29.9     0
                        2        -400                                      30.0 - 30.9     25
        Bark            1        -300                                      31.0 - 32.9     50
                        2        -500                                      33.0 & above    50
        Other           1        -500
                        2        -600

WEST TEXAS            31-3    41-4     32-3      42-4    24 & Belo  -925   19.0 - 19.9    -175
      STAPLE 32       -375    -525     -500      -650      25-26    -875   20.0 - 20.9    -175
      STAPLE 33        -75    -400     -275      -550      27-29    -600   21.0 - 21.9    -150
      STAPLE 34        250      0      -25       -150      30-32    -375   22.0 - 22.9    -125
      STAPLE 35        550     150      0        -50       33-34    -200   23.0 - 23.9    -100
      STAPLE 36        725     200     125        75     Base 35-3   0     24.0 - 24.9    -100
      STAPLE 37        725     200     125        75       37-42     15    25.0 - 25.9    -100
                                                         Base 43-4   0     26.0 - 26.9    -50
        Prep            1        -200                      50-52    -265  Base 27.0 - 28   0
                        2        -400                    53 & Abov  -400   29.0 - 29.9     0
        Bark            1        -300                                      30.0 - 30.9     25
                        2        -500                                      31.0 - 32.9     25
        Other           1        -475                                      33.0 & above    25
                        2        -550
Feb 03 - Feb 09
                 AWP   80.57
             CC ADJ.    0.00
       FC ADJ. - 2010   1.65
       FC ADJ. - 2011   1.70
                 LDP    0.00


Cotton and Tobacco Program, Market News Division
3275 Appling Rd
Memphis, TN  38133
(901) 384-3016
www.ams.usda.gov/mnreports/mp_cn001.txt