0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 08-Dec-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 -175 Mar-24 79.69 82.44 214 27,190 North Delta -250 Mar-24 78.94 80.94 0 16,775 South Delta -250 Mar-24 78.94 80.94 0 7,472 East TX-South TX -550 Mar-24 75.94 79.19 1,170 76,799 West TX-KS-OK -450 Mar-24 76.94 79.69 48,923 180,081 Desert SW -575 Mar-24 75.69 78.94 343 3,695 SJ Valley -550 Mar-24 75.94 84.84 0 0 Upland total Average -400 Mar-24 77.44 81.00 50,650 312,012 Previous -393 Mar-24 78.66 82.22 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 31 248 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 Mar-24 81.44 82.59 -1.15 Season low May-24 82.04 83.07 -1.03 11/8/2023 70.07 Jul-24 82.45 83.29 -0.84 Oct-24 78.70 80.40 -1.70 EFFECTIVE Dec 08 - Dec 14 Dec-24 78.55 79.20 -0.65 AWP 63.63 Mar-25 78.94 79.52 -0.58 CC ADJ. 0.00 May-25 78.82 79.34 -0.52 FC ADJ. - 2 0.38 Jul-25 78.72 79.24 -0.52 FC ADJ. - 2 0.63 Oct-25 76.92 77.24 -0.32 LDP 0.00 Dec-25 76.12 76.24 -0.12 EFFECTIVE Dec 08 - Dec 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 -135 -135 -195 -325 -540 3 -155 -155 -210 -335 -545 4 -250 -250 -300 -415 -575 5 -360 -360 -405 -560 -735 STAPLE 34 LEAF 1 & 2 140 140 95 35 -290 3 115 115 75 20 -310 4 50 50 35 0 -365 5 -140 -140 -175 -325 -535 STAPLE 35 LEAF 1 & 2 380 380 325 125 -190 3 325 325 280 87 -205 4 180 180 150 47 -285 5 -5 -5 -60 -208 -455 Staple 36 Leaf 1 & 2 560 560 500 237 -153 3 530 530 465 184 -163 4 317 317 267 114 -245 5 80 80 5 -136 -420 Staple 37 Leaf 1 & 2 638 638 585 249 -146 3 601 601 540 201 -161 4 359 359 319 141 -233 5 132 132 59 -109 -405 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -255 -255 -400 3 -270 -270 -420 4 5 STAPLE 34 LEAF 1 & 2 45 45 -130 3 30 30 -155 4 5 STAPLE 35 LEAF 1 & 2 215 215 0 3 175 175 -25 4 5 Staple 36 Leaf 1 & 2 325 325 52 3 280 280 27 4 5 Staple 37 Leaf 1 & 2 387 387 89 3 332 332 59 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