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- Memphis, TN Cotton Program, MNB - 08-May-08
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 26.5 to 28.4 grams per tex and uniformity 80.5 to 81.4.
American Pima quotations are UD free, FOB warehouse, and brokerage fees included.
UPLAND SPOT PRICE QUOTATIONS SPOT TRANSACTIONS
Color 41 Color 31 Usuable sales provided
Growth Basis Leaf 4 Leaf 3 to Cotton Programs
Area N.Y. Futures Staple 34 Staple 35 Today Season
Points Month cents/lb. cents/lb. bales bales
Southeast -750 Jul-08 63.35 64.35 0 137,124
North Delta -950 Jul-08 61.35 62.85 0 143,929
South Delta -950 Jul-08 61.35 62.85 0 27,660
East TX-OK -885 Jul-08 62.00 64.00 0 149,594
West Texas -885 Jul-08 62.00 65.00 1,905 1,060,351
Desert SW -1250 Jul-08 58.35 63.85 0 29,428
SJ Valley -1100 Jul-08 59.85 68.60 0 9,481
Upland total
Average -967 Jul-08 61.18 64.50 1,905 1,557,567
Previous -974 Jul-08 61.11 64.43
AMERICAN PIMA SPOT PRICE QUOTATIONS
Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS
Staple 46 Staple 44 Staple 46
AP total
American Pima 104.50 84.00 89.00 0 12,553
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 3/5/2008 79.16
Jul-08 70.85 70.37 0.48 Season low
Oct-08 76.38 75.67 0.71 8/16/2007 50.34
Dec-08 79.35 78.87 0.48
Mar-09 83.67 83.07 0.60 EFFECTIVE May 02 - May 08
May-09 85.08 84.54 0.54 AWP 58.47
Jul-09 86.19 85.60 0.59 CC ADJ. 0.00
Oct-09 87.09 86.50 0.59 LDP 0.00
Dec-09 87.76 87.21 0.55 EFFECTIVE May 02 - May 08
Mar-10 89.54 89.19 0.35 PCP 5.74
May-10 90.34 89.94 0.40
AVERAGE PREMIUMS AND DISCOUNTS - TENDERABLE QUALITIES 3/
COLOR COLOR COLOR COLOR COLOR
11 21 31 41 51
STAPLE 33
LEAF 1 & 2 13 13 -8 -135 -280
3 8 8 -18 -145 -293
4 -95 -95 -135 -215 -323
5 -213 -213 -235 -290 -445
STAPLE 34
LEAF 1 & 2 205 205 155 60 -160
3 175 175 130 45 -188
4 125 125 75 0 -243
5 -53 -53 -103 -193 -343
STAPLE 35
LEAF 1 & 2 340 340 285 158 -110
3 285 285 260 133 -133
4 228 228 185 93 -188
5 130 130 85 -95 -298
COLOR COLOR COLOR
12 22 32
STAPLE 33
LEAF 1 & 2 -80 -80 -170
3 -95 -95 -185
4 0
5 0
STAPLE 34
LEAF 1 & 2 80 80 -18
3 65 65 -43
4 0
5 0
STAPLE 35
LEAF 1 & 2 195 195 55
3 170 170 23
4 0
5 0
1/ Settlement prices provided by New York Cotton Exchange. 2/ The average of the
differences from the Southeast, North and South Delta average, East Texas-Oklahoma,
West Texas, and Desert Southwest markets.
Cotton Program, Market News Branch
3275 Appling Rd
Memphis, TN 38133
(901) 384-3016
www.ams.usda.gov/cotton/mncs/index.htm
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