Daily Spot Quotations, Pg 1 (front page)
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MP_CN002    Memphis, TN Cotton and Tobacco Progr  11-Feb-19
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-19      68.05    70.30          0        15,344
North Delta   -325    Mar-19      67.30    69.05          0         3,844
South Delta   -325    Mar-19      67.30    69.05          0         1,723
East TX-OK    -525    Mar-19      65.30    67.80      1,435       187,726
West Texas    -525    Mar-19      65.30    68.05        429       290,449
Desert SW     -650    Mar-19      64.05    68.30        450        23,110
SJ Valley     -600    Mar-19      64.55    73.45          0             0
                                                Upland total
Average       -457    Mar-19      65.98    69.43      2,314       522,196
Previous      -457    Mar-19      67.98    71.43


            AMERICAN PIMA SPOT PRICE QUOTATIONS

                      Grade 2  Grade 3  Grade 3    SPOT TRANSACTIONS
                     Staple 46Staple 44Staple 46
                                                       AP total
American Pima           125.00   102.50   110.25          0         1,052




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             8/2/2018         85.65
Mar-19          70.55    72.55    -2.00                Season low
May-19          71.76    73.69    -1.93           2/11/2019         65.98
Jul-19          73.13    75.01    -1.88
Oct-19          72.95    74.31    -1.36         EFFECTIVE  Feb 08 - Feb 14
Dec-19          72.70    73.93    -1.23                AWP          64.61
Mar-20          73.94    75.24    -1.30            CC ADJ.           0.00
May-20          74.44    75.88    -1.44         FCA 2016 Cr          0.13
Jul-20          74.79    76.32    -1.53         FCA 2017 Cr          0.18
Oct-20          73.29    74.36    -1.07                LDP           0.00
Dec-20          72.17    73.24    -1.07
                                                EFFECTIVE  Feb 08 - Feb 14
                                                       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       -68      -68     -108     -255       -470
     3            -83      -83     -118     -265       -475
     4           -190     -190     -240     -360       -505
     5           -305     -305     -335     -465       -665
 STAPLE 34
 LEAF 1 & 2       152      152       97       49       -240
     3            127      127       92       44       -260
     4             75       75       55        0       -315
     5            -75      -75     -110     -240       -460
 STAPLE 35
 LEAF 1 & 2       360      360      305      130       -160
     3            305      305      270       82       -175
     4            180      180      135       50       -245
     5             60       60        0     -145       -385
 Staple 36
 Leaf 1 & 2       469      469      424      217       -113
     3            434      434      399      167       -123
     4            302      302      232      117       -195
     5            160      160       80      -63       -340
 Staple 37
 Leaf 1 & 2       522      522      476      229       -106
     3            467      467      436      184       -116
     4            334      334      254      144       -178
     5            182      182       99      -46       -325

               COLOR    COLOR    COLOR
                   12       22       32
 STAPLE 33
 LEAF 1 & 2      -250     -250     -365
     3           -265     -265     -380
     4
     5
 STAPLE 34
 LEAF 1 & 2        55       55     -100
     3             45       45     -120
     4
     5
 STAPLE 35
 LEAF 1 & 2       155      155       10
     3            115      115      -20
     4
     5
 Staple 36
 Leaf 1 & 2       277      277       72
     3            232      232       47
     4
     5
 Staple 37
 Leaf 1 & 2       319      319       99
     3            279      279       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-Oklahoma,
West Texas, 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