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

- Memphis, TN Cotton and Tobacco Progr 10-Nov-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      69.80    71.05          0         6,398
North Delta    -75    Dec-17      68.30    70.05          0         6,709
South Delta    -75    Dec-17      68.30    70.05        155         6,187
East TX-OK     -80    Dec-17      68.25    70.00      6,087       108,358
West Texas     -30    Dec-17      68.75    70.50      6,223        64,005
Desert SW     -500    Dec-17      64.05    68.05         56           231
SJ Valley     -400    Dec-17      65.05    73.95          0           584
                                                Upland total
Average       -155    Dec-17      67.50    70.52     12,521       192,472
Previous      -151    Dec-17      66.78    69.80


            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          69.05    68.29     0.76                Season low
Mar-18          69.14    68.54     0.60          10/20/2017         65.24
May-18          70.08    69.54     0.54
Jul-18          70.57    70.15     0.42         EFFECTIVE  Nov 03 - Nov 09
Oct-18          69.60    69.18     0.42                AWP          61.05
Dec-18          69.62    69.28     0.34            CC ADJ.           0.00
Mar-19          69.69    69.35     0.34         FCA 2016 Cr          0.33
May-19          69.77    69.44     0.33         FCA 2017 Cr          0.48
Jul-19          69.83    69.47     0.36                LDP           0.00
Oct-19          69.12    68.78     0.34
                                                EFFECTIVE  Nov 03 - Nov 09
                                                       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       -45      -45      -90     -235       -430
     3            -65      -65     -100     -245       -435
     4           -165     -165     -220     -340       -465
     5           -280     -280     -310     -420       -625
 STAPLE 34
 LEAF 1 & 2       125      125       55       25       -220
     3             95       95       50       20       -240
     4             40       40       15        0       -295
     5           -100     -100     -140     -250       -440
 STAPLE 35
 LEAF 1 & 2       310      310      245      105       -130
     3            250      250      210       62       -145
     4            135      135       85       30       -215
     5             40       40      -20     -145       -355
 Staple 36
 Leaf 1 & 2       454      454      399      229        -81
     3            394      394      364      189        -91
     4            289      289      219      144       -153
     5            152      152       69      -51       -300

               COLOR    COLOR    COLOR
                   12       22       32
 STAPLE 33
 LEAF 1 & 2      -175     -175     -275
     3           -190     -190     -290
     4                       0
     5                       0
 STAPLE 34
 LEAF 1 & 2        50       50      -70
     3             45       45      -85
     4                       0
     5                       0
 STAPLE 35
 LEAF 1 & 2       170      170       60
     3            130      130       23
     4                       0
     5                       0
 Staple 36
 Leaf 1 & 2       309      309      139
     3            264      264      114
     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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