Cotton Base, 7MKT Average Quotations, Futures Settlement and Differences 5/26/2022

Cotton Base, 7MKT Average Quotations, Futures Settlement and Differences 5/26/2022	

Memphis, TN Cotton and Tobacco Progr 26-May-22
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 0 Jul-22 140.61 142.86 0 51,324
North Delta -100 Jul-22 139.61 141.86 0 8,435
South Delta -100 Jul-22 139.61 141.86 0 5,730
East TX-OK -800 Jul-22 132.61 134.86 141 397,748
West Texas -800 Jul-22 132.61 134.11 0 1,142,109
Desert SW -875 Jul-22 131.86 134.11 0 11,046
SJ Valley -825 Jul-22 132.36 141.26 0 0
Upland total
Average -500 Jul-22 135.61 138.70 141 1,616,392
Previous -500 Jul-22 140.16 143.25


AMERICAN PIMA SPOT PRICE QUOTATIONS

Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS
Staple 46Staple 44Staple 46
AP total
American Pima 300.00 281.50 289.25 0 14,733




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 5/4/2022 149.76
Jul-22 140.61 145.16 -4.55 Season low
Oct-22 131.52 133.76 -2.24 9/20/2021 85.77
Dec-22 124.33 124.61 -0.28
Mar-23 119.54 119.95 -0.41 EFFECTIVE May 20 - May 26
May-23 116.05 116.53 -0.48 AWP 143.24
Jul-23 112.39 112.92 -0.53 CC ADJ. 0.00
Oct-23 104.09 104.42 -0.33 FC ADJ. - 2 0.32
Dec-23 96.19 96.38 -0.19 FC ADJ. - 2 0.57
Mar-24 94.79 94.98 -0.19 LDP 0.00
May-24 93.84 94.03 -0.19
EFFECTIVE May 20 - May 26
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 -95 -95 -150 -305 -525
3 -115 -115 -165 -315 -530
4 -220 -220 -275 -395 -560
5 -345 -345 -390 -540 -720
STAPLE 34
LEAF 1 & 2 128 128 75 35 -285
3 105 105 60 20 -305
4 55 55 35 0 -360
5 -138 -138 -175 -325 -533
STAPLE 35
LEAF 1 & 2 308 308 250 135 -185
3 258 258 210 92 -200
4 175 175 140 40 -280
5 8 8 -53 -205 -455
Staple 36
Leaf 1 & 2 525 525 480 240 -148
3 485 485 445 187 -158
4 332 332 272 117 -240
5 93 93 13 -133 -420
Staple 37
Leaf 1 & 2 598 598 550 257 -141
3 546 546 500 207 -156
4 384 384 334 144 -228
5 150 150 67 -106 -405

COLOR COLOR COLOR
12 22 32
STAPLE 33
LEAF 1 & 2 -230 -230 -380
3 -245 -245 -395
4
5
STAPLE 34
LEAF 1 & 2 50 50 -120
3 45 45 -140
4
5
STAPLE 35
LEAF 1 & 2 185 185 0
3 145 145 -25
4
5
Staple 36
Leaf 1 & 2 325 325 52
3 280 280 27
4
5
Staple 37
Leaf 1 & 2 392 392 84
3 327 327 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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