Daily Spot Quotations, Pg 1 (front page)
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MP_CN002    Memphis, TN Cotton and Tobacco Progr  16-Jul-19
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     -300    Oct-19      59.33    61.58          0        38,842
North Delta   -425    Oct-19      58.08    60.33          0        13,437
South Delta   -425    Oct-19      58.08    60.33          0        10,846
East TX-OK    -675    Oct-19      55.58    57.83      2,639       526,539
West Texas    -675    Oct-19      55.58    58.33         61       624,754
Desert SW     -775    Oct-19      54.58    58.58          0        50,418
SJ Valley     -725    Oct-19      55.08    63.98          0             0
                                                Upland total
Average       -571    Oct-19      56.62    60.14      2,700     1,264,836
Previous      -571    Oct-19      57.99    61.51


            AMERICAN PIMA SPOT PRICE QUOTATIONS

                      Grade 2  Grade 3  Grade 3    SPOT TRANSACTIONS
                     Staple 46Staple 44Staple 46
                                                       AP total
American Pima           120.00    97.50   105.25          0         4,323




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             8/2/2018         85.65
Oct-19          62.33    63.70    -1.37                Season low
Dec-19          63.06    63.95    -0.89           7/16/2019         56.62
Mar-20          64.28    65.00    -0.72
May-20          65.18    65.80    -0.62         EFFECTIVE  Jul 12 - Jul 18
Jul-20          65.94    66.51    -0.57                AWP          58.05
Oct-20          65.73    66.20    -0.47            CC ADJ.           0.00
Dec-20          66.03    66.40    -0.37         FCA 2016 Cr          0.00
Mar-21          67.10    67.47    -0.37         FCA 2017 Cr          0.00
May-21          67.75    68.12    -0.37                LDP           0.00
Jul-21          68.25    68.62    -0.37
                                                EFFECTIVE  Jul 12 - Jul 18
                                                       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       -73      -73     -118     -260       -485
     3            -88      -88     -128     -270       -490
     4           -195     -195     -245     -365       -520
     5           -330     -330     -370     -510       -700
 STAPLE 34
 LEAF 1 & 2       157      157       97       59       -250
     3            132      132       92       54       -270
     4             80       80       60        0       -325
     5           -110     -110     -145     -285       -518
 STAPLE 35
 LEAF 1 & 2       365      365      305      150       -170
     3            310      310      270      102       -185
     4            185      185      140       65       -260
     5             25       25      -35     -190       -445
 Staple 36
 Leaf 1 & 2       514      514      464      232       -123
     3            479      479      439      182       -133
     4            322      322      257      122       -210
     5            125      125       45     -113       -400
 Staple 37
 Leaf 1 & 2       562      562      516      244       -116
     3            507      507      476      199       -126
     4            349      349      279      149       -193
     5            147      147       64      -96       -385

               COLOR    COLOR    COLOR
                   12       22       32
 STAPLE 33
 LEAF 1 & 2      -255     -255     -370
     3           -270     -270     -385
     4
     5
 STAPLE 34
 LEAF 1 & 2        55       55     -100
     3             45       45     -120
     4
     5
 STAPLE 35
 LEAF 1 & 2       185      185       10
     3            145      145      -20
     4
     5
 Staple 36
 Leaf 1 & 2       292      292       72
     3            242      242       47
     4
     5
 Staple 37
 Leaf 1 & 2       334      334       99
     3            284      284       74
     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
3275 Appling Rd
Memphis, TN  38133
(901) 384-3016
www.ams.usda.gov/mnreports/mp_cn002.txt