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USDA - AMS: Daily Spot Quotations, Pg 1 (front page) (2021-11-24)

USDA U.S. Department of Agriculture - November 24, 2021

                                                          0
MP_CN002    Memphis, TN Cotton and Tobacco Progr  24-Nov-21
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      100    Mar-22     116.78   119.03          0         8,736
North Delta    -25    Mar-22     115.53   117.78          0         1,692
South Delta    -25    Mar-22     115.53   117.78          0           856
East TX-OK    -475    Mar-22     111.03   113.53      2,844       138,263
West Texas    -375    Mar-22     112.03   114.53      3,859       200,324
Desert SW     -550    Mar-22     110.28   113.78         26           362
SJ Valley     -500    Mar-22     110.78   119.68          0             0
                                                Upland total
Average       -264    Mar-22     113.14   116.59      6,729       350,233
Previous      -264    Mar-22     113.02   116.47


            AMERICAN PIMA SPOT PRICE QUOTATIONS

                      Grade 2  Grade 3  Grade 3    SPOT TRANSACTIONS
                     Staple 46Staple 44Staple 46
                                                       AP total
American Pima           265.00   247.50   255.25        300        12,550




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            11/1/2021        116.66
Dec-21         120.38   120.36     0.02                Season low
Mar-22         115.78   115.66     0.12           9/20/2021         85.77
May-22         114.10   114.09     0.01
Jul-22         110.48   110.33     0.15         EFFECTIVE  Nov 19 - Nov 26
Oct-22          97.38    97.37     0.01                AWP         102.56
Dec-22          91.76    91.62     0.14            CC ADJ.           0.00
Mar-23          88.49    88.82    -0.33         FC ADJ. - 2          0.32
May-23          87.04    87.72    -0.68         FC ADJ. - 2          0.57
Jul-23          85.04    85.32    -0.28                LDP           0.00
Oct-23          81.49    81.77    -0.28
                                                EFFECTIVE  Nov 19 - Nov 26
                                                       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       -83      -83     -143     -295       -515
     3           -108     -108     -158     -305       -520
     4           -215     -215     -270     -385       -550
     5           -340     -340     -385     -530       -710
 STAPLE 34
 LEAF 1 & 2       153      153       87       40       -275
     3            122      122       72       24       -295
     4             65       65       40        0       -350
     5           -128     -128     -165     -315       -523
 STAPLE 35
 LEAF 1 & 2       361      361      300      145       -175
     3            306      306      260      102       -190
     4            185      185      150       45       -270
     5             18       18      -43     -195       -445
 Staple 36
 Leaf 1 & 2       565      565      514      250       -138
     3            515      515      484      197       -148
     4            342      342      287      132       -225
     5            103      103       28     -118       -405
 Staple 37
 Leaf 1 & 2       638      638      581      262       -131
     3            573      573      531      212       -146
     4            389      389      344      154       -213
     5            155      155       77      -96       -390

               COLOR    COLOR    COLOR
                   12       22       32
 STAPLE 33
 LEAF 1 & 2      -250     -250     -380
     3           -265     -265     -395
     4
     5
 STAPLE 34
 LEAF 1 & 2        50       50     -120
     3             45       45     -140
     4
     5
 STAPLE 35
 LEAF 1 & 2       190      190        0
     3            150      150      -25
     4
     5
 Staple 36
 Leaf 1 & 2       325      325       52
     3            280      280       27
     4
     5
 Staple 37
 Leaf 1 & 2       392      392       84
     3            327      327       54
     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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