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

- Memphis, TN Cotton and Tobacco Progr 13-Jun-18

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      50     Jul-18      94.31    96.56        145        49,220
North Delta   -100    Jul-18      92.81    94.56          0        51,465
South Delta   -100    Jul-18      92.81    94.56          0        13,157
East TX-OK    -781    Jul-18      86.00    88.50        993       909,068
West Texas    -831    Jul-18      85.50    88.00          2       970,448
Desert SW     -500    Jul-18      88.81    92.81          0        39,135
SJ Valley     -450    Jul-18      89.31    98.21          0           760
                                                Upland total
Average       -387    Jul-18      89.94    93.31      1,140     2,033,253
Previous      -427    Jul-18      90.94    94.31


            AMERICAN PIMA SPOT PRICE QUOTATIONS

                      Grade 2  Grade 3  Grade 3    SPOT TRANSACTIONS
                     Staple 46Staple 44Staple 46
                                                       AP total
American Pima           139.25   116.75   124.50          0         6,252




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            6/12/2018         90.94
Jul-18          93.81    95.21    -1.40                Season low
Oct-18          93.94    93.63     0.31          10/20/2017         65.24
Dec-18          92.93    92.90     0.03
Mar-19          92.82    92.79     0.03         EFFECTIVE  Jun 08 - Jun 14
May-19          92.61    92.61     0.00                AWP          81.27
Jul-19          92.34    92.37    -0.03            CC ADJ.           0.00
Oct-19          87.96    87.69     0.27         FCA 2016 Cr          1.30
Dec-19          84.30    83.11     1.19         FCA 2017 Cr          1.35
Mar-20          84.04    82.97     1.07                LDP           0.00
May-20          83.51    82.44     1.07
                                                EFFECTIVE  Jun 08 - Jun 14
                                                       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       -68      -68     -108     -255       -470
     3            -83      -83     -118     -265       -475
     4           -190     -190     -240     -360       -505
     5           -305     -305     -335     -460       -665
 STAPLE 34
 LEAF 1 & 2       152      152       97       39       -240
     3            127      127       92       34       -260
     4             75       75       55        0       -315
     5            -75      -75     -110     -240       -460
 STAPLE 35
 LEAF 1 & 2       350      350      295      140       -150
     3            295      295      260       97       -165
     4            180      180      135       65       -235
     5             65       65        5     -135       -375
 Staple 36
 Leaf 1 & 2       502      502      446      234        -81
     3            442      442      411      194        -91
     4            319      319      254      149       -153
     5            182      182       99      -21       -300

               COLOR    COLOR    COLOR
                   12       22       32
 STAPLE 33
 LEAF 1 & 2      -220     -220     -320
     3           -235     -235     -335
     4                       0
     5                       0
 STAPLE 34
 LEAF 1 & 2        55       55      -95
     3             45       45     -115
     4                       0
     5                       0
 STAPLE 35
 LEAF 1 & 2       150      150       30
     3            110      110       -3
     4                       0
     5                       0
 Staple 36
 Leaf 1 & 2       279      279      109
     3            234      234       84
     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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