0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 26-Jul-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 -400 Oct-24 62.07 65.32 0 77,727 North Delta -500 Oct-24 61.07 63.07 0 38,953 South Delta -500 Oct-24 61.07 63.07 0 17,423 East TX-South TX -850 Oct-24 57.57 60.82 0 97,602 West TX-KS-OK -850 Oct-24 57.57 61.07 0 579,211 Desert SW -1150 Oct-24 54.57 57.82 0 24,732 SJ Valley -1125 Oct-24 54.82 63.72 0 0 Upland total Average -768 Oct-24 58.39 62.13 0 835,648 Previous -768 Oct-24 59.53 63.27 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 148.00 129.50 137.25 0 6,185 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 Oct-24 66.07 67.21 -1.14 Season low Dec-24 67.99 68.90 -0.91 7/26/2024 58.39 Mar-25 69.76 70.66 -0.90 May-25 71.13 72.02 -0.89 EFFECTIVE Jul 26 - Aug 01 Jul-25 72.23 73.10 -0.87 AWP 55.02 Oct-25 72.13 72.70 -0.57 CC ADJ. 0.00 Dec-25 71.73 72.08 -0.35 FC ADJ. - 2 0.00 Mar-26 73.12 73.48 -0.36 FC ADJ. - 2 0.00 May-26 73.94 74.23 -0.29 LDP 0.00 Jul-26 74.66 74.88 -0.22 EFFECTIVE Jul 26 - Aug 01 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 & 2 155 155 105 30 -290 3 120 120 85 15 -310 4 55 55 40 0 -370 5 -135 -135 -170 -325 -540 STAPLE 35 LEAF 1 & 2 400 400 350 130 -190 3 345 345 305 92 -205 4 195 195 165 52 -295 5 0 0 -55 -223 -465 Staple 36 Leaf 1 & 2 588 588 528 262 -153 3 558 558 493 209 -163 4 332 332 282 124 -255 5 85 85 10 -146 -430 Staple 37 Leaf 1 & 2 672 672 603 269 -146 3 631 631 558 221 -161 4 369 369 329 141 -238 5 137 137 64 -124 -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