Cotton Base, 7MKT Average Quotations, Futures Settlement and Differences 10/15/2024
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MP_CN002 Memphis, TN Cotton and Tobacco Progr 15-Oct-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 -450 Dec-24 66.12 69.37 0 2,322
North Delta -550 Dec-24 65.12 67.12 0 682
South Delta -550 Dec-24 65.12 67.12 0 186
East TX-South TX -525 Dec-24 65.37 69.62 622 57,994
West TX-KS-OK -675 Dec-24 63.87 67.37 443 4,008
Desert SW -750 Dec-24 63.12 66.37 0 23
SJ Valley -725 Dec-24 63.37 72.27 0 0
Upland total
Average -604 Dec-24 64.58 68.46 1,065 65,215
Previous -604 Dec-24 64.99 68.87
AMERICAN PIMA SPOT PRICE QUOTATIONS
Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS
Staple 46Staple 44Staple 46
AP total
American Pima 143.00 124.50 132.25 0 2,791
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 9/24/2024 67.70
Dec-24 70.62 71.03 -0.41 Season low
Mar-25 72.75 73.19 -0.44 8/6/2024 58.84
May-25 74.21 74.64 -0.43
Jul-25 75.13 75.56 -0.43 EFFECTIVE Oct 11 - Oct 17
Oct-25 73.36 73.82 -0.46 AWP 60.41
Dec-25 72.63 72.89 -0.26 CC ADJ. 0.00
Mar-26 73.53 73.74 -0.21 FC ADJ. - 2 0.00
May-26 74.01 74.22 -0.21 FC ADJ. - 2 0.00
Jul-26 74.42 74.45 -0.03 LDP 0.00
Oct-26 73.66 73.70 -0.04
EFFECTIVE Oct 11 - Oct 17
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 -350 -550
3 -170 -170 -230 -355 -560
4 -260 -260 -315 -430 -590
5 -370 -370 -420 -570 -745
STAPLE 34
LEAF 1 & 2 175 175 120 35 -290
3 140 140 100 20 -315
4 55 55 40 0 -375
5 -135 -135 -170 -325 -540
STAPLE 35
LEAF 1 & 2 410 410 365 135 -190
3 355 355 325 102 -205
4 195 195 165 62 -295
5 0 0 -55 -218 -465
Staple 36
Leaf 1 & 2 643 643 583 277 -153
3 613 613 553 229 -163
4 332 332 282 139 -255
5 85 85 10 -141 -430
Staple 37
Leaf 1 & 2 722 722 643 294 -146
3 681 681 608 251 -161
4 369 369 334 161 -238
5 137 137 64 -119 -410
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 55 55 -125
3 40 40 -150
4
5
STAPLE 35
LEAF 1 & 2 210 210 5
3 170 170 -20
4
5
Staple 36
Leaf 1 & 2 330 330 67
3 285 285 42
4
5
Staple 37
Leaf 1 & 2 387 387 104
3 332 332 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-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</pre></div>