Cotton Base, 7MKT Average Quotations, Futures Settlement and Differences 09/15/2020

Cotton Base, 7MKT Average Quotations, Futures Settlement and Differences 09/15/2020



Memphis, TN Cotton and Tobacco Progr 15-Sep-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 -350 Oct-20 61.89 64.14 0 25,400
North Delta -450 Oct-20 60.89 63.14 0 4,068
South Delta -450 Oct-20 60.89 63.14 0 4,159
East TX-OK -450 Oct-20 60.89 63.14 1,001 68,433
West Texas -550 Oct-20 59.89 62.39 2,466 43,506
Desert SW -725 Oct-20 58.14 62.14 0 3,298
SJ Valley -675 Oct-20 58.64 67.54 0 0
Upland total
Average -521 Oct-20 60.18 63.66 3,467 148,864
Previous -521 Oct-20 60.25 63.73


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 0




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 9/14/2020 60.25
Oct-20 65.39 65.46 -0.07 Season low
Dec-20 66.44 66.62 -0.18 8/12/2020 57.20
Mar-21 67.24 67.46 -0.22
May-21 67.84 68.17 -0.33 EFFECTIVE Sep 11 - Sep 17
Jul-21 68.38 68.80 -0.42 AWP 49.77
Oct-21 66.96 67.40 -0.44 CC ADJ. 0.00
Dec-21 66.26 66.78 -0.52 FC ADJ. - 2 0.55
Mar-22 67.17 67.63 -0.46 FC ADJ. - 2 0.50
May-22 67.59 68.05 -0.46 LDP 2.23
Jul-22 67.80 68.25 -0.45
EFFECTIVE Sep 11 - Sep 17
PCP 7.00



AVERAGE PREMIUMS AND DISCOUNTS - TENDERABLE QUALITIES 3/

COLOR COLOR COLOR COLOR COLOR
11 21 31 41 51
STAPLE 33
LEAF 1 & 2 -108 -108 -158 -300 -515
3 -128 -128 -168 -310 -520
4 -230 -230 -280 -390 -550
5 -350 -350 -395 -530 -710
STAPLE 34
LEAF 1 & 2 132 132 67 45 -275
3 107 107 62 39 -295
4 55 55 40 0 -350
5 -125 -125 -160 -300 -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 & 2 564 564 519 252 -133
3 519 519 489 202 -143
4 332 332 272 147 -225
5 105 105 30 -108 -405
Staple 37
Leaf 1 & 2 622 622 571 264 -126
3 567 567 526 214 -136
4 369 369 314 169 -208
5 142 142 64 -86 -385

COLOR COLOR COLOR
12 22 32
STAPLE 33
LEAF 1 & 2 -275 -275 -380
3 -290 -290 -395
4
5
STAPLE 34
LEAF 1 & 2 35 35 -120
3 30 30 -140
4
5
STAPLE 35
LEAF 1 & 2 180 180 10
3 140 140 -15
4
5
Staple 36
Leaf 1 & 2 312 312 62
3 257 257 37
4
5
Staple 37
Leaf 1 & 2 369 369 94
3 309 309 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

mr