Cotton Base, 7MKT Average Quotations, Futures Settlement and Differences 9/20/2021

Cotton Base, 7MKT Average Quotations, Futures Settlement and Differences 9/20/2021

Memphis, TN Cotton and Tobacco Progr 20-Sep-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 -25 Dec-21 88.77 91.02 0 2,009
North Delta -125 Dec-21 87.77 90.02 0 1,457
South Delta -125 Dec-21 87.77 90.02 0 114
East TX-OK -325 Dec-21 85.77 88.87 2,651 22,649
West Texas -375 Dec-21 85.27 88.02 0 3,645
Desert SW -675 Dec-21 82.27 85.77 0 0
SJ Valley -625 Dec-21 82.77 91.67 0 0
Upland total
Average -325 Dec-21 85.77 89.34 2,651 29,874
Previous -325 Dec-21 89.08 92.65


AMERICAN PIMA SPOT PRICE QUOTATIONS

Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS
Staple 46Staple 44Staple 46
AP total
American Pima 183.00 165.50 173.25 8,500 8,500




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 8/27/2021 92.41
Oct-21 89.89 93.32 -3.43 Season low
Dec-21 89.02 92.33 -3.31 9/20/2021 85.77
Mar-22 88.39 91.59 -3.20
May-22 88.10 91.24 -3.14 EFFECTIVE Sep 17 - Sep 23
Jul-22 86.79 89.63 -2.84 AWP 79.53
Oct-22 81.79 83.63 -1.84 CC ADJ. 0.00
Dec-22 80.27 82.13 -1.86 FC ADJ. - 2 0.18
Mar-23 80.27 82.13 -1.86 FC ADJ. - 2 0.43
May-23 79.67 81.43 -1.76 LDP 0.00
Jul-23 79.07 80.43 -1.36
EFFECTIVE Sep 17 - Sep 23
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 & 2 153 153 92 50 -275
3 122 122 82 39 -295
4 65 65 50 0 -350
5 -128 -128 -165 -310 -523
STAPLE 35
LEAF 1 & 2 386 386 317 140 -175
3 326 326 277 97 -190
4 185 185 145 45 -270
5 18 18 -43 -205 -445
Staple 36
Leaf 1 & 2 577 577 521 245 -138
3 522 522 491 197 -148
4 347 347 287 137 -225
5 103 103 28 -123 -405
Staple 37
Leaf 1 & 2 655 655 593 257 -131
3 585 585 543 212 -141
4 399 399 349 159 -208
5 155 155 77 -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 60 60 -120
3 55 55 -140
4
5
STAPLE 35
LEAF 1 & 2 185 185 0
3 145 145 -25
4
5
Staple 36
Leaf 1 & 2 320 320 52
3 275 275 27
4
5
Staple 37
Leaf 1 & 2 387 387 84
3 322 322 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

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