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USDA - AMS: Daily Spot Quotations, Pg 1 (front page) (2022-11-23)

USDA U.S. Department of Agriculture - November 23, 2022

                                                          0
MP_CN002    Memphis, TN Cotton and Tobacco Progr  23-Nov-22
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      175    Mar-23      84.65    86.90      1,144         5,239
North Delta    75     Mar-23      83.65    85.90          0         1,756
South Delta    75     Mar-23      83.65    85.90          0            68
East TX-OK    -250    Mar-23      80.40    82.65        191        46,979
West Texas    -225    Mar-23      80.65    82.15      1,543        10,038
Desert SW     -300    Mar-23      79.90    82.15          0             0
SJ Valley     -275    Mar-23      80.15    89.05          0             0
                                                Upland total
Average       -104    Mar-23      81.86    84.96      2,878        64,080
Previous      -104    Mar-23      81.38    84.48


            AMERICAN PIMA SPOT PRICE QUOTATIONS

                      Grade 2  Grade 3  Grade 3    SPOT TRANSACTIONS
                     Staple 46Staple 44Staple 46
                                                       AP total
American Pima           280.00   261.50   269.25          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            8/16/2022        126.61
Dec-22          83.94    83.22     0.72                Season low
Mar-23          82.90    82.42     0.48          10/31/2022         72.36
May-23          82.20    81.77     0.43
Jul-23          81.24    80.78     0.46         EFFECTIVE  Nov 18 - Nov 24
Oct-23          79.85    79.42     0.43                AWP          77.78
Dec-23          77.93    77.62     0.31            CC ADJ.           0.00
Mar-24          77.99    77.58     0.41         FC ADJ. - 2          0.43
May-24          78.32    77.88     0.44         FC ADJ. - 2          0.38
Jul-24          78.52    78.08     0.44                LDP           0.00
Oct-24          77.12    76.68     0.44
                                                EFFECTIVE  Nov 18 - Nov 24
                                                       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      -100     -100     -155     -305       -525
     3           -120     -120     -170     -315       -530
     4           -225     -225     -275     -395       -560
     5           -345     -345     -390     -540       -720
 STAPLE 34
 LEAF 1 & 2       123      123       75       35       -285
     3            100      100       60       20       -305
     4             50       50       35        0       -360
     5           -138     -138     -175     -325       -533
 STAPLE 35
 LEAF 1 & 2       308      308      250      135       -185
     3            258      258      210       97       -200
     4            180      180      145       45       -280
     5              8        8      -53     -205       -455
 Staple 36
 Leaf 1 & 2       550      550      500      240       -148
     3            510      510      465      192       -158
     4            332      332      277      122       -240
     5             93       93       13     -133       -420
 Staple 37
 Leaf 1 & 2       623      623      570      257       -141
     3            571      571      520      212       -156
     4            384      384      339      149       -228
     5            150      150       67     -106       -405

               COLOR    COLOR    COLOR
                   12       22       32
 STAPLE 33
 LEAF 1 & 2      -235     -235     -380
     3           -250     -250     -395
     4
     5
 STAPLE 34
 LEAF 1 & 2        50       50     -120
     3             45       45     -140
     4
     5
 STAPLE 35
 LEAF 1 & 2       185      185        5
     3            145      145      -20
     4
     5
 Staple 36
 Leaf 1 & 2       330      330       57
     3            285      285       32
     4
     5
 Staple 37
 Leaf 1 & 2       397      397       89
     3            332      332       59
     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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