USDA U.S. Department of Agriculture - April 15, 2025
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MP_CN002 Memphis, TN Cotton and Tobacco Progr 15-Apr-25
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 -125 May-25 63.83 68.58 0 50,316
North Delta -225 May-25 62.83 64.83 0 36,740
South Delta -225 May-25 62.83 65.33 0 9,306
East TX-South TX -525 May-25 59.83 64.08 0 133,863
West TX-KS-OK -400 May-25 61.08 63.58 863 633,675
Desert SW -500 May-25 60.08 63.33 0 8,406
SJ Valley -475 May-25 60.33 69.23 0 0
Upland total
Average -354 May-25 61.54 65.57 863 872,306
Previous -357 May-25 60.52 64.54
AMERICAN PIMA SPOT PRICE QUOTATIONS
Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS
Staple 46Staple 44Staple 46
AP total
American Pima 149.00 130.50 138.25 0 11,953
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 9/24/2024 67.70
May-25 65.08 64.09 0.99 Season low
Jul-25 66.12 65.35 0.77 8/6/2024 58.84
Oct-25 68.00 67.26 0.74
Dec-25 67.60 66.94 0.66 EFFECTIVE Apr 11 - Apr 17
Mar-26 68.74 68.09 0.65 AWP 53.10
May-26 69.67 68.96 0.71 CC ADJ. 0.00
Jul-26 70.21 69.35 0.86 FC ADJ. - 2 0.00
Oct-26 68.50 67.65 0.85 FC ADJ. - 2 0.00
Dec-26 67.44 66.65 0.79 LDP 0.00
Mar-27 68.47 67.68 0.79
EFFECTIVE Apr 11 - Apr 17
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 -130 -130 -200 -330 -540
3 -150 -150 -210 -335 -550
4 -255 -255 -295 -415 -580
5 -365 -365 -410 -550 -735
STAPLE 34
LEAF 1 & 2 180 180 125 45 -270
3 140 140 100 30 -295
4 65 65 55 0 -360
5 -125 -125 -155 -310 -525
STAPLE 35
LEAF 1 & 2 420 420 380 165 -180
3 365 365 340 142 -195
4 230 230 200 82 -290
5 20 20 -25 -211 -460
Staple 36
Leaf 1 & 2 650 650 603 322 -138
3 620 620 575 274 -148
4 367 367 320 184 -245
5 110 110 45 -134 -420
Staple 37
Leaf 1 & 2 730 730 668 349 -131
3 689 689 635 306 -146
4 399 399 374 216 -228
5 162 162 99 -107 -400
COLOR COLOR COLOR
12 22 32
STAPLE 33
LEAF 1 & 2 -235 -235 -380
3 -255 -255 -400
4
5
STAPLE 34
LEAF 1 & 2 70 70 -110
3 50 50 -135
4
5
STAPLE 35
LEAF 1 & 2 205 205 10
3 160 160 -10
4
5
Staple 36
Leaf 1 & 2 315 315 72
3 270 270 52
4
5
Staple 37
Leaf 1 & 2 377 377 104
3 322 322 79
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-South Texas,
West Texas-Kansas-Oklahoma, 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
