0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 29-Nov-23 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 -250 Mar-24 77.09 79.34 1,303 23,408 North Delta -300 Mar-24 76.59 78.59 1,641 13,585 South Delta -300 Mar-24 76.59 78.59 0 7,384 East TX-South TX -525 Mar-24 74.34 77.59 429 71,946 West TX-KS-OK -475 Mar-24 74.84 77.09 13,967 74,329 Desert SW -625 Mar-24 73.34 75.84 150 453 SJ Valley -600 Mar-24 73.59 82.49 0 0 Upland total Average -439 Mar-24 75.20 78.50 17,490 191,105 Previous -518 Mar-24 74.42 77.80 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 184.00 165.50 173.25 0 152 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 9/1/2023 84.57 Dec-23 78.59 78.60 -0.01 Season low Mar-24 79.59 79.60 -0.01 11/8/2023 70.07 May-24 80.23 80.24 -0.01 Jul-24 80.84 80.86 -0.02 EFFECTIVE Nov 24 - Nov 30 Oct-24 78.66 78.69 -0.03 AWP 65.23 Dec-24 77.38 77.44 -0.06 CC ADJ. 0.00 Mar-25 77.87 77.91 -0.04 FC ADJ. - 2 0.43 May-25 77.97 78.01 -0.04 FC ADJ. - 2 0.68 Jul-25 78.07 78.11 -0.04 LDP 0.00 Oct-25 76.97 77.01 -0.04 EFFECTIVE Nov 24 - Nov 30 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 -125 -125 -185 -325 -540 3 -145 -145 -200 -335 -545 4 -240 -240 -290 -410 -575 5 -360 -360 -405 -555 -735 STAPLE 34 LEAF 1 & 2 115 115 70 30 -290 3 90 90 50 15 -310 4 50 50 35 0 -365 5 -140 -140 -175 -325 -535 STAPLE 35 LEAF 1 & 2 345 345 290 115 -190 3 290 290 245 77 -205 4 170 170 140 37 -285 5 -5 -5 -60 -208 -455 Staple 36 Leaf 1 & 2 520 520 460 222 -153 3 490 490 425 169 -163 4 297 297 247 99 -245 5 80 80 5 -136 -420 Staple 37 Leaf 1 & 2 598 598 545 234 -146 3 561 561 500 186 -161 4 339 339 299 126 -233 5 132 132 59 -109 -405 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -255 -255 -400 3 -270 -270 -415 4 5 STAPLE 34 LEAF 1 & 2 45 45 -125 3 30 30 -145 4 5 STAPLE 35 LEAF 1 & 2 205 205 5 3 165 165 -20 4 5 Staple 36 Leaf 1 & 2 315 315 57 3 270 270 32 4 5 Staple 37 Leaf 1 & 2 377 377 94 3 322 322 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