Daily Spot Quotations, Pg 1 (front page)
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MP_CN002 Memphis, TN Cotton and Tobacco Progr 28-Mar-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 -225 May-24 89.13 91.88 0 60,663
North Delta -300 May-24 88.38 90.38 0 36,069
South Delta -300 May-24 88.38 90.38 0 17,075
East TX-South TX -1000 May-24 81.38 84.63 0 96,909
West TX-KS-OK -1000 May-24 81.38 84.38 0 568,005
Desert SW -925 May-24 82.13 85.38 0 24,438
SJ Valley -900 May-24 82.38 91.28 0 0
Upland total
Average -664 May-24 84.74 88.33 0 803,159
Previous -664 May-24 84.13 87.72
AMERICAN PIMA SPOT PRICE QUOTATIONS
Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS
Staple 46Staple 44Staple 46
AP total
American Pima 176.00 157.50 165.25 0 5,349
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 2/28/2024 95.87
May-24 91.38 90.77 0.61 Season low
Jul-24 91.97 91.44 0.53 11/8/2023 70.07
Oct-24 87.28 86.43 0.85
Dec-24 83.99 83.34 0.65 EFFECTIVE Mar 22 - Mar 28
Mar-25 84.76 84.17 0.59 AWP 72.50
May-25 85.16 84.53 0.63 CC ADJ. 0.00
Jul-25 85.19 84.58 0.61 FC ADJ. - 2 0.00
Oct-25 81.13 81.26 -0.13 FC ADJ. - 2 0.20
Dec-25 78.62 78.62 0.00 LDP 0.00
Mar-26 79.21 79.22 -0.01
EFFECTIVE Mar 22 - Mar 28
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 -150 -150 -215 -345 -550
3 -170 -170 -230 -355 -555
4 -260 -260 -315 -430 -585
5 -370 -370 -420 -570 -745
STAPLE 34
LEAF 1 & 2 140 140 95 30 -290
3 105 105 75 15 -310
4 55 55 40 0 -370
5 -135 -135 -170 -325 -540
STAPLE 35
LEAF 1 & 2 375 375 330 120 -190
3 320 320 285 82 -205
4 185 185 155 42 -295
5 0 0 -55 -213 -465
Staple 36
Leaf 1 & 2 555 555 505 242 -153
3 525 525 470 189 -163
4 322 322 272 114 -255
5 85 85 10 -136 -430
Staple 37
Leaf 1 & 2 627 627 575 249 -146
3 586 586 530 201 -161
4 359 359 314 131 -238
5 137 137 64 -114 -410
COLOR COLOR COLOR
12 22 32
STAPLE 33
LEAF 1 & 2 -265 -265 -405
3 -280 -280 -425
4
5
STAPLE 34
LEAF 1 & 2 45 45 -125
3 30 30 -150
4
5
STAPLE 35
LEAF 1 & 2 210 210 5
3 170 170 -20
4
5
Staple 36
Leaf 1 & 2 315 315 57
3 270 270 32
4
5
Staple 37
Leaf 1 & 2 372 372 94
3 317 317 64
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