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USDA-MP: Daily Spot Quotations, Pg 1 (front page)

- Memphis, TN Cotton and Tobacco Progr 12-Oct-17

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          N.Y. Futures    Staple 34Staple 35     Today        Season
              Points  Month   cents/lb.cents/lb.     bales         bales

Southeast      75     Dec-17      68.59    69.84          0         1,938
North Delta     0     Dec-17      67.84    69.09          0           120
South Delta     0     Dec-17      67.84    69.09          0             2
East TX-OK    -134    Dec-17      66.50    68.00      1,482        45,797
West Texas    -184    Dec-17      66.00    67.50          0         2,583
Desert SW     -525    Dec-17      62.59    66.59          0             0
SJ Valley     -425    Dec-17      63.59    72.49          0             0
                                                Upland total
Average       -170    Dec-17      66.14    68.94      1,482        50,440
Previous      -167    Dec-17      67.06    69.86


            AMERICAN PIMA SPOT PRICE QUOTATIONS

                      Grade 2  Grade 3  Grade 3    SPOT TRANSACTIONS
                     Staple 46Staple 44Staple 46
                                                       AP total
American Pima           130.00   108.25   115.25          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             9/5/2017         73.47
Dec-17          67.84    68.73    -0.89                Season low
Mar-18          67.37    68.30    -0.93           8/17/2017         65.36
May-18          68.13    69.00    -0.87
Jul-18          68.68    69.48    -0.80         EFFECTIVE  Oct 06 - Oct 12
Oct-18          67.39    68.17    -0.78                AWP          60.04
Dec-18          67.72    68.53    -0.81            CC ADJ.           0.00
Mar-19          67.77    68.58    -0.81         FCA 2016 Cr          0.57
May-19          67.87    68.68    -0.81         FCA 2017 Cr          0.72
Jul-19          67.98    68.78    -0.80                LDP           0.00
Oct-19          66.84    67.64    -0.80
                                                EFFECTIVE  Oct 06 - Oct 12
                                                       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       -55      -55      -90     -235       -430
     3            -75      -75     -100     -245       -435
     4           -175     -175     -220     -340       -465
     5           -290     -290     -310     -420       -625
 STAPLE 34
 LEAF 1 & 2        95       95       60       25       -230
     3             75       75       55       20       -250
     4             30       30       15        0       -305
     5           -100     -100     -140     -250       -450
 STAPLE 35
 LEAF 1 & 2       275      275      235      100       -130
     3            215      215      190       57       -145
     4            120      120       70       25       -215
     5             35       35      -15     -145       -355
 Staple 36
 Leaf 1 & 2       394      394      374      209        -91
     3            334      334      314      169       -101
     4            264      264      199      124       -163
     5            137      137       64      -61       -310

               COLOR    COLOR    COLOR
                   12       22       32
 STAPLE 33
 LEAF 1 & 2      -185     -185     -285
     3           -200     -200     -300
     4                       0
     5                       0
 STAPLE 34
 LEAF 1 & 2        50       50      -80
     3             45       45      -95
     4                       0
     5                       0
 STAPLE 35
 LEAF 1 & 2       170      170       50
     3            130      130       13
     4                       0
     5                       0
 Staple 36
 Leaf 1 & 2       299      299      119
     3            254      254       94
     4                       0
     5                       0

1/  Settlement prices provided by New York Cotton Exchange.  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

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