0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 08-Feb-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 -25 Mar-24 88.85 91.60 0 50,998 North Delta -200 Mar-24 87.10 89.10 0 34,645 South Delta -200 Mar-24 87.10 89.10 0 16,591 East TX-South TX -550 Mar-24 83.60 86.85 1,232 93,453 West TX-KS-OK -500 Mar-24 84.10 87.10 5,085 510,545 Desert SW -525 Mar-24 83.85 87.35 480 16,561 SJ Valley -500 Mar-24 84.10 93.00 0 0 Upland total Average -357 Mar-24 85.53 89.16 6,797 722,793 Previous -357 Mar-24 84.90 88.53 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 181.00 162.50 170.25 0 3,349 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 2/8/2024 85.53 Mar-24 89.10 88.47 0.63 Season low May-24 89.68 89.30 0.38 11/8/2023 70.07 Jul-24 89.92 89.59 0.33 Oct-24 84.69 84.39 0.30 EFFECTIVE Feb 02 - Feb 08 Dec-24 82.94 82.80 0.14 AWP 68.04 Mar-25 83.24 83.18 0.06 CC ADJ. 0.00 May-25 83.18 83.16 0.02 FC ADJ. - 2 0.61 Jul-25 82.99 83.03 -0.04 FC ADJ. - 2 0.86 Oct-25 80.53 80.78 -0.25 LDP 0.00 Dec-25 78.06 78.71 -0.65 EFFECTIVE Feb 02 - Feb 08 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 -150 -150 -215 -345 -550 3 -170 -170 -230 -355 -555 4 -260 -260 -315 -430 -585 5 -370 -370 -420 -570 -745 STAPLE 34 LEAF 1 & 2 140 140 95 30 -290 3 105 105 75 15 -310 4 55 55 40 0 -370 5 -135 -135 -170 -325 -540 STAPLE 35 LEAF 1 & 2 380 380 335 120 -190 3 325 325 290 82 -205 4 185 185 155 47 -290 5 0 0 -55 -208 -460 Staple 36 Leaf 1 & 2 563 563 513 242 -153 3 533 533 478 189 -163 4 322 322 272 119 -250 5 85 85 10 -131 -425 Staple 37 Leaf 1 & 2 635 635 583 249 -146 3 594 594 538 201 -161 4 359 359 314 141 -233 5 137 137 64 -104 -405 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -265 -265 -405 3 -280 -280 -425 4 5 STAPLE 34 LEAF 1 & 2 45 45 -125 3 30 30 -150 4 5 STAPLE 35 LEAF 1 & 2 215 215 5 3 175 175 -20 4 5 Staple 36 Leaf 1 & 2 325 325 57 3 280 280 32 4 5 Staple 37 Leaf 1 & 2 382 382 94 3 327 327 64 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