Cotton Base, 7MKT Average Quotations, Futures Settlement and Differences 7/21/2021

Cotton Base, 7MKT Average Quotations, Futures Settlement and Differences 7/21/2021

Memphis, TN Cotton and Tobacco Progr 21-Jul-21
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 -125 Oct-21 87.84 90.09 0 125,615
North Delta -225 Oct-21 86.84 89.09 0 45,961
South Delta -225 Oct-21 86.84 89.09 0 12,992
East TX-OK -475 Oct-21 84.34 87.09 152 416,924
West Texas -475 Oct-21 84.34 87.09 0 721,048
Desert SW -700 Oct-21 82.09 85.59 0 63,507
SJ Valley -650 Oct-21 82.59 91.49 0 0
Upland total
Average -411 Oct-21 84.98 88.50 152 1,386,047
Previous -411 Oct-21 84.76 88.28


AMERICAN PIMA SPOT PRICE QUOTATIONS

Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS
Staple 46Staple 44Staple 46
AP total
American Pima 153.00 132.50 140.25 0 10,275




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 2/24/2021 88.80
Oct-21 89.09 88.87 0.22 Season low
Dec-21 88.69 88.51 0.18 8/12/2020 57.20
Mar-22 88.38 88.08 0.30
May-22 87.70 87.35 0.35 EFFECTIVE Jul 16 - Jul 22
Jul-22 86.48 86.10 0.38 AWP 75.96
Oct-22 81.80 81.49 0.31 CC ADJ. 0.00
Dec-22 79.99 79.76 0.23 FC ADJ. - 2 0.41
Mar-23 80.06 79.77 0.29 FC ADJ. - 2 0.36
May-23 79.41 79.12 0.29 LDP 0.00
Jul-23 79.21 78.92 0.29
EFFECTIVE Jul 16 - Jul 22
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 -143 -295 -515
3 -118 -118 -158 -305 -520
4 -220 -220 -270 -385 -550
5 -340 -340 -385 -530 -710
STAPLE 34
LEAF 1 & 2 148 148 87 45 -275
3 117 117 77 34 -295
4 60 60 45 0 -350
5 -128 -128 -165 -310 -523
STAPLE 35
LEAF 1 & 2 381 381 310 135 -175
3 321 321 270 92 -190
4 180 180 140 40 -270
5 18 18 -43 -205 -445
Staple 36
Leaf 1 & 2 572 572 514 240 -138
3 517 517 484 192 -148
4 342 342 282 132 -225
5 103 103 28 -123 -405
Staple 37
Leaf 1 & 2 645 645 581 252 -131
3 575 575 531 207 -141
4 389 389 334 154 -208
5 150 150 72 -101 -385

COLOR COLOR COLOR
12 22 32
STAPLE 33
LEAF 1 & 2 -255 -255 -380
3 -270 -270 -395
4
5
STAPLE 34
LEAF 1 & 2 55 55 -120
3 50 50 -140
4
5
STAPLE 35
LEAF 1 & 2 180 180 0
3 140 140 -25
4
5
Staple 36
Leaf 1 & 2 315 315 52
3 270 270 27
4
5
Staple 37
Leaf 1 & 2 377 377 84
3 312 312 54
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