Cotton Base, 7MKT Average Quotations, Futures Settlement and Differences 05/22/2020

Cotton Base, 7MKT Average Quotations, Futures Settlement and Differences 05/22/2020


Memphis, TN Cotton and Tobacco Progr 22-May-20
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 Jul-20 55.61 57.86 640 55,269
North Delta -275 Jul-20 54.86 57.11 3,570 110,460
South Delta -275 Jul-20 54.86 57.11 0 11,069
East TX-OK -475 Jul-20 52.86 55.11 186 527,067
West Texas -475 Jul-20 52.86 55.36 78 739,026
Desert SW -725 Jul-20 50.36 54.36 200 49,950
SJ Valley -675 Jul-20 50.86 59.76 0 0
Upland total
Average -443 Jul-20 53.18 56.67 4,674 1,492,841
Previous -443 Jul-20 53.63 57.12


AMERICAN PIMA SPOT PRICE QUOTATIONS

Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS
Staple 46Staple 44Staple 46
AP total
American Pima 110.00 90.50 98.25 0 2,064




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 1/13/2020 67.07
Jul-20 57.61 58.06 -0.45 Season low
Oct-20 57.51 58.37 -0.86 4/1/2020 43.23
Dec-20 57.81 58.70 -0.89
Mar-21 58.73 59.47 -0.74 EFFECTIVE May 22 - May 28
May-21 59.57 60.04 -0.47 AWP 48.01
Jul-21 60.23 60.40 -0.17 CC ADJ. 0.00
Oct-21 58.90 59.31 -0.41 FC ADJ. - 2 0.43
Dec-21 58.60 59.01 -0.41 FC ADJ. - 2 0.28
Mar-22 59.54 59.76 -0.22 LDP 3.99
May-22 60.24 60.31 -0.07
EFFECTIVE May 22 - May 28
PCP 6.00



AVERAGE PREMIUMS AND DISCOUNTS - TENDERABLE QUALITIES 3/

COLOR COLOR COLOR COLOR COLOR
11 21 31 41 51
STAPLE 33
LEAF 1 & 2 -103 -103 -153 -295 -515
3 -123 -123 -163 -305 -520
4 -225 -225 -275 -385 -550
5 -345 -345 -390 -525 -710
STAPLE 34
LEAF 1 & 2 137 137 72 49 -275
3 112 112 67 43 -295
4 60 60 45 0 -350
5 -120 -120 -155 -295 -523
STAPLE 35
LEAF 1 & 2 370 370 300 150 -175
3 315 315 265 102 -190
4 170 170 130 50 -270
5 20 20 -40 -195 -445
Staple 36
Leaf 1 & 2 564 564 499 247 -138
3 524 524 469 197 -148
4 337 337 277 142 -230
5 115 115 40 -108 -405
Staple 37
Leaf 1 & 2 612 612 561 259 -131
3 557 557 516 209 -141
4 364 364 309 164 -213
5 142 142 64 -86 -385

COLOR COLOR COLOR
12 22 32
STAPLE 33
LEAF 1 & 2 -270 -270 -375
3 -285 -285 -390
4
5
STAPLE 34
LEAF 1 & 2 35 35 -115
3 25 25 -135
4
5
STAPLE 35
LEAF 1 & 2 180 180 10
3 140 140 -15
4
5
Staple 36
Leaf 1 & 2 292 292 62
3 237 237 37
4
5
Staple 37
Leaf 1 & 2 339 339 94
3 279 279 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

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