Cotton Base, 7MKT Average Quotations, Futures Settlement and Differences 3/23/2023
Cotton Base, 7MKT Average Quotations, Futures Settlement and Differences 3/23/2023
Memphis, TN Cotton and Tobacco Progr 23-Mar-23
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 May-23 77.58 79.83 600 54,409
North Delta -100 May-23 76.58 78.83 209 17,153
South Delta -100 May-23 76.58 78.83 0 772
East TX-OK -325 May-23 74.33 76.08 742 135,952
West Texas -325 May-23 74.33 75.83 369 273,204
Desert SW -400 May-23 73.58 75.83 0 12,647
SJ Valley -375 May-23 73.83 82.73 0 0
Upland total
Average -232 May-23 75.26 78.28 1,920 494,137
Previous -232 May-23 75.96 78.98
AMERICAN PIMA SPOT PRICE QUOTATIONS
Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS
Staple 46Staple 44Staple 46
AP total
American Pima 180.00 161.50 169.25 0 2,601
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
May-23 77.58 78.28 -0.70 Season low
Jul-23 78.19 78.89 -0.70 10/31/2022 72.36
Oct-23 79.26 79.89 -0.63
Dec-23 79.26 79.81 -0.55 EFFECTIVE Mar 17 - Mar 23
Mar-24 79.03 79.46 -0.43 AWP 68.58
May-24 78.87 79.16 -0.29 CC ADJ. 0.00
Jul-24 78.70 78.86 -0.16 FC ADJ. - 2 0.00
Oct-24 77.60 77.41 0.19 FC ADJ. - 2 0.00
Dec-24 76.70 76.48 0.22 LDP 0.00
Mar-25 77.00 76.78 0.22
EFFECTIVE Mar 17 - Mar 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 -105 -105 -155 -305 -525
3 -125 -125 -170 -315 -530
4 -225 -225 -275 -395 -560
5 -345 -345 -390 -540 -720
STAPLE 34
LEAF 1 & 2 118 118 75 35 -285
3 95 95 60 20 -305
4 50 50 35 0 -360
5 -138 -138 -175 -325 -533
STAPLE 35
LEAF 1 & 2 288 288 240 125 -185
3 238 238 200 89 -200
4 165 165 135 42 -280
5 -3 -3 -58 -208 -455
Staple 36
Leaf 1 & 2 505 505 445 235 -148
3 465 465 410 184 -158
4 332 332 282 114 -240
5 83 83 8 -141 -420
Staple 37
Leaf 1 & 2 558 558 500 247 -141
3 511 511 455 199 -156
4 364 364 324 136 -228
5 135 135 57 -119 -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 & 2 180 180 5
3 140 140 -20
4
5
Staple 36
Leaf 1 & 2 320 320 57
3 275 275 32
4
5
Staple 37
Leaf 1 & 2 367 367 89
3 312 312 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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