Daily Spot Quotations, Pg 1 (front page)
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MP_CN002    Memphis, TN Cotton and Tobacco Progr  21-Nov-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     -200    Mar-20      62.01    64.26        526        15,677
North Delta   -300    Mar-20      61.01    63.26          0        25,284
South Delta   -300    Mar-20      61.01    63.26      1,504         1,781
East TX-OK    -550    Mar-20      58.51    60.76      3,639       165,724
West Texas    -575    Mar-20      58.26    61.01      2,224        96,725
Desert SW     -775    Mar-20      56.26    60.26        275         2,390
SJ Valley     -725    Mar-20      56.76    65.66          0             0
                                                Upland total
Average       -489    Mar-20      59.12    62.64      8,168       307,581
Previous      -496    Mar-20      59.32    62.84


            AMERICAN PIMA SPOT PRICE QUOTATIONS

                      Grade 2  Grade 3  Grade 3    SPOT TRANSACTIONS
                     Staple 46Staple 44Staple 46
                                                       AP total
American Pima           113.00    90.50    98.25          0           400




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           10/30/2019         62.84
Dec-19          61.84    62.24    -0.40                Season low
Mar-20          64.01    64.28    -0.27            8/5/2019         52.73
May-20          65.14    65.48    -0.34
Jul-20          66.14    66.53    -0.39         EFFECTIVE  Nov 15 - Nov 21
Oct-20          66.44    66.83    -0.39                AWP          57.06
Dec-20          66.56    66.99    -0.43            CC ADJ.           0.00
Mar-21          67.23    67.59    -0.36         FC ADJ. - 2          0.56
May-21          67.73    67.89    -0.16         FC ADJ. - 2          0.41
Jul-21          68.23    68.39    -0.16                LDP           0.00
Oct-21          66.98    67.14    -0.16
                                                EFFECTIVE  Nov 15 - Nov 21
                                                       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       -93      -93     -133     -280       -505
     3           -108     -108     -143     -290       -510
     4           -210     -210     -260     -380       -540
     5           -340     -340     -380     -520       -710
 STAPLE 34
 LEAF 1 & 2       142      142       87       44       -265
     3            117      117       82       39       -285
     4             65       65       50        0       -340
     5           -120     -120     -155     -295       -523
 STAPLE 35
 LEAF 1 & 2       360      360      305      145       -175
     3            305      305      270       97       -190
     4            175      175      135       55       -270
     5             20       20      -40     -195       -445
 Staple 36
 Leaf 1 & 2       529      529      479      232       -128
     3            489      489      449      182       -138
     4            327      327      262      117       -220
     5            125      125       45     -113       -400
 Staple 37
 Leaf 1 & 2       572      572      526      244       -121
     3            512      512      481      199       -131
     4            354      354      284      144       -203
     5            147      147       64      -96       -385

               COLOR    COLOR    COLOR
                   12       22       32
 STAPLE 33
 LEAF 1 & 2      -275     -275     -390
     3           -290     -290     -405
     4
     5
 STAPLE 34
 LEAF 1 & 2        35       35     -120
     3             25       25     -140
     4
     5
 STAPLE 35
 LEAF 1 & 2       175      175        0
     3            135      135      -30
     4
     5
 Staple 36
 Leaf 1 & 2       282      282       62
     3            232      232       37
     4
     5
 Staple 37
 Leaf 1 & 2       324      324       89
     3            274      274       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-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