Daily Spot Quotations, Pg 1 (front page)
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MP_CN002    Memphis, TN Cotton and Tobacco Progr  14-May-19
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     -325    Jul-19      63.51    65.76          0        37,595
North Delta   -450    Jul-19      62.26    64.51          0         7,420
South Delta   -450    Jul-19      62.26    64.51          0         9,625
East TX-OK    -650    Jul-19      60.26    62.51        373       468,303
West Texas    -650    Jul-19      60.26    63.01          0       590,058
Desert SW     -700    Jul-19      59.76    63.76          0        50,418
SJ Valley     -650    Jul-19      60.26    69.16          0             0
                                                Upland total
Average       -554    Jul-19      61.22    64.75        373     1,163,419
Previous      -554    Jul-19      59.91    63.44


            AMERICAN PIMA SPOT PRICE QUOTATIONS

                      Grade 2  Grade 3  Grade 3    SPOT TRANSACTIONS
                     Staple 46Staple 44Staple 46
                                                       AP total
American Pima           120.00    97.50   105.25          0         3,453




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
Jul-19          66.76    65.45     1.31                Season low
Oct-19          67.46    66.65     0.81           5/13/2019         59.91
Dec-19          66.99    66.40     0.59
Mar-20          68.08    67.62     0.46         EFFECTIVE  May 10 - May 16
May-20          68.88    68.35     0.53                AWP          64.65
Jul-20          69.49    68.86     0.63            CC ADJ.           0.00
Oct-20          68.74    68.06     0.68         FCA 2016 Cr          0.00
Dec-20          67.10    66.50     0.60         FCA 2017 Cr          0.00
Mar-21          68.20    67.64     0.56                LDP           0.00
May-21          68.60    67.89     0.71
                                                EFFECTIVE  May 10 - May 16
                                                       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       -73      -73     -118     -260       -485
     3            -88      -88     -128     -270       -490
     4           -195     -195     -245     -365       -520
     5           -330     -330     -370     -510       -700
 STAPLE 34
 LEAF 1 & 2       157      157       97       59       -250
     3            132      132       92       54       -270
     4             80       80       60        0       -325
     5           -110     -110     -145     -285       -518
 STAPLE 35
 LEAF 1 & 2       365      365      305      150       -170
     3            310      310      270      102       -185
     4            185      185      140       65       -260
     5             25       25      -35     -190       -445
 Staple 36
 Leaf 1 & 2       514      514      464      232       -123
     3            479      479      439      182       -133
     4            322      322      257      122       -210
     5            125      125       45     -113       -400
 Staple 37
 Leaf 1 & 2       562      562      516      244       -116
     3            507      507      476      199       -126
     4            349      349      279      149       -193
     5            147      147       64      -96       -385

               COLOR    COLOR    COLOR
                   12       22       32
 STAPLE 33
 LEAF 1 & 2      -255     -255     -370
     3           -270     -270     -385
     4
     5
 STAPLE 34
 LEAF 1 & 2        55       55     -100
     3             45       45     -120
     4
     5
 STAPLE 35
 LEAF 1 & 2       185      185       10
     3            145      145      -20
     4
     5
 Staple 36
 Leaf 1 & 2       292      292       72
     3            242      242       47
     4
     5
 Staple 37
 Leaf 1 & 2       334      334       99
     3            284      284       74
     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