Cotton Base, 7MKT Average Quotations, Futures Settlement and Differences 11/21/2024
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MP_CN002 Memphis, TN Cotton and Tobacco Progr 21-Nov-24
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 -250 Mar-25 67.93 72.18 0 8,387
North Delta -400 Mar-25 66.43 68.43 1,227 4,144
South Delta -400 Mar-25 66.43 68.93 0 5,368
East TX-South TX -575 Mar-25 64.68 68.93 3,288 91,933
West TX-KS-OK -625 Mar-25 64.18 67.68 3,120 28,851
Desert SW -650 Mar-25 63.93 67.18 0 23
SJ Valley -625 Mar-25 64.18 73.08 0 0
Upland total
Average -504 Mar-25 65.39 69.49 7,635 138,706
Previous -504 Mar-25 65.24 69.37
AMERICAN PIMA SPOT PRICE QUOTATIONS
Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS
Staple 46Staple 44Staple 46
AP total
American Pima 159.00 140.50 148.25 158 6,024
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 9/24/2024 67.70
Dec-24 69.19 68.46 0.73 Season low
Mar-25 70.43 70.28 0.15 8/6/2024 58.84
May-25 71.65 71.51 0.14
Jul-25 72.80 72.65 0.15 EFFECTIVE Nov 15 - Nov 21
Oct-25 71.54 71.43 0.11 AWP 58.20
Dec-25 71.46 71.26 0.20 CC ADJ. 0.00
Mar-26 72.33 72.22 0.11 FC ADJ. - 2 0.29
May-26 73.00 72.89 0.11 FC ADJ. - 2 0.00
Jul-26 73.49 73.38 0.11 LDP 0.00
Oct-26 72.31 72.20 0.11
EFFECTIVE Nov 15 - Nov 21
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 -135 -135 -205 -340 -540
3 -155 -155 -220 -345 -550
4 -250 -250 -305 -420 -580
5 -360 -360 -410 -560 -735
STAPLE 34
LEAF 1 & 2 195 195 130 45 -280
3 155 155 110 30 -305
4 65 65 50 0 -365
5 -125 -125 -160 -315 -530
STAPLE 35
LEAF 1 & 2 440 440 390 160 -190
3 385 385 350 127 -205
4 225 225 195 67 -295
5 25 25 -30 -216 -465
Staple 36
Leaf 1 & 2 670 670 610 305 -153
3 640 640 583 262 -163
4 362 362 315 169 -255
5 110 110 35 -139 -430
Staple 37
Leaf 1 & 2 750 750 675 327 -146
3 709 709 643 289 -161
4 399 399 372 196 -238
5 162 162 89 -117 -410
COLOR COLOR COLOR
12 22 32
STAPLE 33
LEAF 1 & 2 -245 -245 -395
3 -260 -260 -415
4
5
STAPLE 34
LEAF 1 & 2 75 75 -115
3 60 60 -140
4
5
STAPLE 35
LEAF 1 & 2 220 220 5
3 180 180 -15
4
5
Staple 36
Leaf 1 & 2 330 330 67
3 285 285 47
4
5
Staple 37
Leaf 1 & 2 387 387 104
3 332 332 79
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-South Texas,
West Texas-Kansas-Oklahoma, and Desert Southwest markets.
Cotton and Tobacco Program, Market News Division
3275 Appling Rd
Memphis, TN 38133
(901) 384-3016
www.ams.usda.gov/mnreports/mp_cn002.txt</pre></div>