0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 27-Dec-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 -125 Mar-25 67.64 71.89 1 20,481 North Delta -250 Mar-25 66.39 68.39 0 14,313 South Delta -250 Mar-25 66.39 68.89 0 5,627 East TX-South TX -575 Mar-25 63.14 67.39 0 116,208 West TX-KS-OK -475 Mar-25 64.14 67.39 3,007 166,532 Desert SW -625 Mar-25 62.64 65.89 307 7,064 SJ Valley -600 Mar-25 62.89 71.79 0 0 Upland total Average -414 Mar-25 64.75 68.80 3,315 330,225 Previous -414 Mar-25 64.61 68.66 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 169.00 150.50 158.25 570 7,990 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 Mar-25 68.89 68.75 0.14 Season low May-25 69.96 69.86 0.10 8/6/2024 58.84 Jul-25 70.99 70.88 0.11 Oct-25 69.49 69.50 -0.01 EFFECTIVE Dec 27 - Jan 02 Dec-25 70.02 69.95 0.07 AWP 54.55 Mar-26 70.89 70.80 0.09 CC ADJ. 0.00 May-26 71.57 71.51 0.06 FC ADJ. - 2 0.36 Jul-26 72.12 72.08 0.04 FC ADJ. - 2 0.00 Oct-26 70.62 70.58 0.04 LDP 0.00 Dec-26 69.97 69.93 0.04 EFFECTIVE Dec 27 - Jan 02 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 -205 -330 -540 3 -150 -150 -220 -340 -550 4 -250 -250 -305 -420 -580 5 -360 -360 -410 -560 -735 STAPLE 34 LEAF 1 & 2 190 190 125 45 -280 3 150 150 105 30 -305 4 65 65 50 0 -365 5 -125 -125 -160 -315 -530 STAPLE 35 LEAF 1 & 2 425 425 385 160 -190 3 370 370 345 137 -205 4 225 225 195 77 -295 5 25 25 -30 -216 -465 Staple 36 Leaf 1 & 2 660 660 610 310 -153 3 630 630 583 262 -163 4 362 362 315 174 -255 5 110 110 35 -144 -430 Staple 37 Leaf 1 & 2 740 740 670 332 -146 3 699 699 638 289 -161 4 394 394 367 201 -238 5 162 162 89 -122 -410 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -235 -235 -385 3 -250 -250 -405 4 5 STAPLE 34 LEAF 1 & 2 80 80 -105 3 65 65 -130 4 5 STAPLE 35 LEAF 1 & 2 215 215 15 3 175 175 -5 4 5 Staple 36 Leaf 1 & 2 325 325 72 3 280 280 52 4 5 Staple 37 Leaf 1 & 2 387 387 104 3 332 332 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