0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 22-Jan-25 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 -150 Mar-25 65.64 69.89 0 22,293 North Delta -250 Mar-25 64.64 66.64 312 14,625 South Delta -250 Mar-25 64.64 67.14 0 5,627 East TX-South TX -575 Mar-25 61.39 65.64 0 118,256 West TX-KS-OK -475 Mar-25 62.39 64.89 19,277 367,850 Desert SW -600 Mar-25 61.14 64.39 0 7,305 SJ Valley -575 Mar-25 61.39 70.29 0 0 Upland total Average -411 Mar-25 63.03 66.98 19,589 535,956 Previous -407 Mar-25 63.59 67.57 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 159.00 140.50 148.25 390 9,450 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 67.14 67.66 -0.52 Season low May-25 68.28 68.78 -0.50 8/6/2024 58.84 Jul-25 69.37 69.81 -0.44 Oct-25 69.47 69.30 0.17 EFFECTIVE Jan 17 - Jan 23 Dec-25 69.14 69.37 -0.23 AWP 53.98 Mar-26 70.25 70.49 -0.24 CC ADJ. 0.00 May-26 70.92 71.15 -0.23 FC ADJ. - 2 0.10 Jul-26 71.39 71.62 -0.23 FC ADJ. - 2 0.00 Oct-26 69.58 69.83 -0.25 LDP 0.00 Dec-26 68.78 69.15 -0.37 EFFECTIVE Jan 17 - Jan 23 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 -140 -140 -210 -335 -540 3 -160 -160 -225 -345 -550 4 -255 -255 -305 -420 -580 5 -365 -365 -410 -555 -735 STAPLE 34 LEAF 1 & 2 175 175 110 40 -280 3 135 135 90 25 -305 4 60 60 45 0 -365 5 -125 -125 -155 -310 -530 STAPLE 35 LEAF 1 & 2 410 410 370 155 -190 3 355 355 330 132 -205 4 220 220 190 77 -295 5 20 20 -25 -211 -465 Staple 36 Leaf 1 & 2 645 645 595 305 -153 3 615 615 568 257 -163 4 357 357 310 174 -255 5 110 110 40 -139 -430 Staple 37 Leaf 1 & 2 725 725 655 327 -146 3 684 684 623 284 -161 4 389 389 362 201 -238 5 162 162 94 -117 -410 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -240 -240 -385 3 -260 -260 -405 4 5 STAPLE 34 LEAF 1 & 2 65 65 -110 3 50 50 -135 4 5 STAPLE 35 LEAF 1 & 2 200 200 10 3 160 160 -10 4 5 Staple 36 Leaf 1 & 2 310 310 67 3 265 265 47 4 5 Staple 37 Leaf 1 & 2 372 372 99 3 317 317 74 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