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

- Memphis, TN Cotton and Tobacco Progr 11-Oct-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          ICE Futures     Staple 34Staple 35     Today        Season
              Points  Month   cents/lb.cents/lb.     bales         bales

Southeast      -25    Dec-18      76.56    78.81          0           382
North Delta   -125    Dec-18      75.56    77.31          0           194
South Delta   -125    Dec-18      75.56    77.31          0         1,698
East TX-OK    -550    Dec-18      71.31    73.81         39        17,655
West Texas    -600    Dec-18      70.81    73.31          1         2,581
Desert SW     -575    Dec-18      71.06    75.06          0            62
SJ Valley     -525    Dec-18      71.56    80.46          0             0
                                                Upland total
Average       -361    Dec-18      73.20    76.58         40        22,572
Previous      -361    Dec-18      73.19    76.57


            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             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             8/2/2018         85.65
Dec-18          76.81    76.80     0.01                Season low
Mar-19          78.17    78.04     0.13           10/4/2018         72.39
May-19          79.03    78.86     0.17
Jul-19          79.66    79.52     0.14         EFFECTIVE  Oct 05 - Oct 11
Oct-19          77.40    76.93     0.47                AWP          67.87
Dec-19          76.20    76.00     0.20            CC ADJ.           0.00
Mar-20          76.99    76.74     0.25         FCA 2016 Cr          0.98
May-20          77.44    77.19     0.25         FCA 2017 Cr          1.03
Jul-20          77.76    77.51     0.25                LDP           0.00
Oct-20          74.93    74.68     0.25
                                                EFFECTIVE  Oct 05 - Oct 11
                                                       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       49       -240
     3            127      127       92       44       -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       484      484      439      232        -83
     3            439      439      409      187        -93
     4            312      312      247      137       -165
     5            165      165       85      -33       -310
 Staple 37
 Leaf 1 & 2       532      532      491      249        -76
     3            472      472      446      209        -86
     4            344      344      269      164       -148
     5            187      187      104      -16       -295

               COLOR    COLOR    COLOR
                   12       22       32
 STAPLE 33
 LEAF 1 & 2      -220     -220     -320
     3           -235     -235     -335
     4
     5
 STAPLE 34
 LEAF 1 & 2        45       45      -95
     3             35       35     -115
     4
     5
 STAPLE 35
 LEAF 1 & 2       150      150       30
     3            110      110        0
     4
     5
 Staple 36
 Leaf 1 & 2       267      267      107
     3            222      222       82
     4
     5
 Staple 37
 Leaf 1 & 2       309      309      134
     3            269      269      109
     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

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