0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 18-Mar-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 May-24 92.57 95.32 89 60,101 North Delta -300 May-24 91.57 93.57 0 35,621 South Delta -300 May-24 91.57 93.57 54 17,004 East TX-South TX -800 May-24 86.57 89.82 0 96,909 West TX-KS-OK -800 May-24 86.57 89.57 358 559,536 Desert SW -800 May-24 86.57 89.82 0 24,327 SJ Valley -775 May-24 86.82 95.72 0 0 Upland total Average -568 May-24 88.89 92.48 501 793,498 Previous -561 May-24 88.33 91.93 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 176.00 157.50 165.25 0 5,349 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 2/28/2024 95.87 May-24 94.57 93.94 0.63 Season low Jul-24 94.26 93.59 0.67 11/8/2023 70.07 Oct-24 86.81 86.80 0.01 Dec-24 83.81 83.68 0.13 EFFECTIVE Mar 15 - Mar 21 Mar-25 84.60 84.59 0.01 AWP 76.10 May-25 84.90 84.91 -0.01 CC ADJ. 0.00 Jul-25 85.02 85.03 -0.01 FC ADJ. - 2 0.39 Oct-25 81.61 81.60 0.01 FC ADJ. - 2 0.64 Dec-25 78.87 78.89 -0.02 LDP 0.00 Mar-26 79.43 79.44 -0.01 EFFECTIVE Mar 15 - Mar 21 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 -215 -345 -550 3 -170 -170 -230 -355 -555 4 -260 -260 -315 -430 -585 5 -370 -370 -420 -570 -745 STAPLE 34 LEAF 1 & 2 140 140 95 30 -290 3 105 105 75 15 -310 4 55 55 40 0 -370 5 -135 -135 -170 -325 -540 STAPLE 35 LEAF 1 & 2 375 375 330 120 -190 3 320 320 285 82 -205 4 185 185 155 42 -295 5 0 0 -55 -213 -465 Staple 36 Leaf 1 & 2 560 560 510 242 -153 3 530 530 475 189 -163 4 322 322 272 114 -255 5 85 85 10 -136 -430 Staple 37 Leaf 1 & 2 632 632 580 249 -146 3 591 591 535 201 -161 4 359 359 314 131 -238 5 137 137 64 -114 -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 & 2 315 315 57 3 270 270 32 4 5 Staple 37 Leaf 1 & 2 372 372 94 3 317 317 64 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