Daily Spot Quotations, Pg 1 (front page)
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MP_CN002    Memphis, TN Cotton and Tobacco Progr  09-Nov-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     -100    Dec-18      77.09    79.34          0         1,008
North Delta   -175    Dec-18      76.34    78.09          0           355
South Delta   -175    Dec-18      76.34    78.09          0         1,698
East TX-OK    -550    Dec-18      72.59    75.09        305        36,723
West Texas    -550    Dec-18      72.59    75.09        538         7,902
Desert SW     -575    Dec-18      72.34    76.34        153         4,171
SJ Valley     -525    Dec-18      72.84    81.74          0             0
                                                Upland total
Average       -379    Dec-18      74.30    77.68        996        51,857
Previous      -379    Dec-18      75.22    78.60


            AMERICAN PIMA SPOT PRICE QUOTATIONS

                      Grade 2  Grade 3  Grade 3    SPOT TRANSACTIONS
                     Staple 46Staple 44Staple 46
                                                       AP total
American Pima           132.00   109.50   117.25          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             8/2/2018         85.65
Dec-18          78.09    79.01    -0.92                Season low
Mar-19          79.86    80.54    -0.68           10/4/2018         72.39
May-19          81.25    81.84    -0.59
Jul-19          82.45    82.92    -0.47         EFFECTIVE  Nov 09 - Nov 15
Oct-19          79.44    79.82    -0.38                AWP          69.86
Dec-19          78.29    78.51    -0.22            CC ADJ.           0.00
Mar-20          78.77    78.88    -0.11         FCA 2016 Cr          1.25
May-20          79.02    79.14    -0.12         FCA 2017 Cr          1.30
Jul-20          79.22    79.34    -0.12                LDP           0.00
Oct-20          75.61    75.73    -0.12
                                                EFFECTIVE  Nov 09 - Nov 15
                                                       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      130       -150
     3            295      295      260       87       -165
     4            180      180      135       55       -235
     5             65       65        5     -135       -375
 Staple 36
 Leaf 1 & 2       444      444      399      207       -103
     3            399      399      369      162       -113
     4            292      292      227      117       -185
     5            145      145       65      -53       -330
 Staple 37
 Leaf 1 & 2       492      492      451      224        -96
     3            432      432      406      184       -106
     4            324      324      249      144       -168
     5            167      167       84      -36       -315

               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       242      242       87
     3            197      197       62
     4
     5
 Staple 37
 Leaf 1 & 2       284      284      114
     3            244      244       89
     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