Cotton Base, 7MKT Average Quotations, Futures Settlement and Differences 11/23/2022

Cotton Base, 7MKT Average Quotations, Futures Settlement and Differences 11/23/2022

Memphis, TN Cotton and Tobacco Progr 23-Nov-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 175 Mar-23 84.65 86.90 1,144 5,239
North Delta 75 Mar-23 83.65 85.90 0 1,756
South Delta 75 Mar-23 83.65 85.90 0 68
East TX-OK -250 Mar-23 80.40 82.65 191 46,979
West Texas -225 Mar-23 80.65 82.15 1,543 10,038
Desert SW -300 Mar-23 79.90 82.15 0 0
SJ Valley -275 Mar-23 80.15 89.05 0 0
Upland total
Average -104 Mar-23 81.86 84.96 2,878 64,080
Previous -104 Mar-23 81.38 84.48


AMERICAN PIMA SPOT PRICE QUOTATIONS

Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS
Staple 46Staple 44Staple 46
AP total
American Pima 280.00 261.50 269.25 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 8/16/2022 126.61
Dec-22 83.94 83.22 0.72 Season low
Mar-23 82.90 82.42 0.48 10/31/2022 72.36
May-23 82.20 81.77 0.43
Jul-23 81.24 80.78 0.46 EFFECTIVE Nov 18 - Nov 24
Oct-23 79.85 79.42 0.43 AWP 77.78
Dec-23 77.93 77.62 0.31 CC ADJ. 0.00
Mar-24 77.99 77.58 0.41 FC ADJ. - 2 0.43
May-24 78.32 77.88 0.44 FC ADJ. - 2 0.38
Jul-24 78.52 78.08 0.44 LDP 0.00
Oct-24 77.12 76.68 0.44
EFFECTIVE Nov 18 - Nov 24
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 -100 -100 -155 -305 -525
3 -120 -120 -170 -315 -530
4 -225 -225 -275 -395 -560
5 -345 -345 -390 -540 -720
STAPLE 34
LEAF 1 & 2 123 123 75 35 -285
3 100 100 60 20 -305
4 50 50 35 0 -360
5 -138 -138 -175 -325 -533
STAPLE 35
LEAF 1 & 2 308 308 250 135 -185
3 258 258 210 97 -200
4 180 180 145 45 -280
5 8 8 -53 -205 -455
Staple 36
Leaf 1 & 2 550 550 500 240 -148
3 510 510 465 192 -158
4 332 332 277 122 -240
5 93 93 13 -133 -420
Staple 37
Leaf 1 & 2 623 623 570 257 -141
3 571 571 520 212 -156
4 384 384 339 149 -228
5 150 150 67 -106 -405

COLOR COLOR COLOR
12 22 32
STAPLE 33
LEAF 1 & 2 -235 -235 -380
3 -250 -250 -395
4
5
STAPLE 34
LEAF 1 & 2 50 50 -120
3 45 45 -140
4
5
STAPLE 35
LEAF 1 & 2 185 185 5
3 145 145 -20
4
5
Staple 36
Leaf 1 & 2 330 330 57
3 285 285 32
4
5
Staple 37
Leaf 1 & 2 397 397 89
3 332 332 59
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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