Daily Spot Quotations, Pg 1 (front page)
0
MP_CN002    Memphis, TN Cotton and Tobacco Progr  05-Mar-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     -175    May-21      86.01    88.26          0       104,053
North Delta   -275    May-21      85.01    87.26          0        26,411
South Delta   -275    May-21      85.01    87.26          0        11,472
East TX-OK    -575    May-21      82.01    84.76        665       376,977
West Texas    -575    May-21      82.01    84.76      2,802       680,511
Desert SW     -800    May-21      79.76    83.26          0        63,343
SJ Valley     -750    May-21      80.26    89.16          0             0
                                                Upland total
Average       -489    May-21      82.87    86.39      3,467     1,262,767
Previous      -489    May-21      82.25    85.77


            AMERICAN PIMA SPOT PRICE QUOTATIONS

                      Grade 2  Grade 3  Grade 3    SPOT TRANSACTIONS
                     Staple 46Staple 44Staple 46
                                                       AP total
American Pima           139.00   119.50   127.25          0         4,677




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            2/24/2021         88.80
Mar-21          86.21    85.59     0.62                Season low
May-21          87.76    87.14     0.62           8/12/2020         57.20
Jul-21          88.67    88.13     0.54
Oct-21          85.07    84.53     0.54         EFFECTIVE  Mar 05 - Mar 11
Dec-21          84.54    84.00     0.54                AWP          73.95
Mar-22          83.74    83.07     0.67            CC ADJ.           0.00
May-22          83.26    82.57     0.69         FC ADJ. - 2          1.15
Jul-22          82.56    81.87     0.69         FC ADJ. - 2          1.10
Oct-22          78.51    77.82     0.69                LDP           0.00
Dec-22          75.46    74.77     0.69
                                                EFFECTIVE  Mar 05 - Mar 11
                                                       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       -93      -93     -143     -295       -515
     3           -118     -118     -158     -305       -520
     4           -220     -220     -270     -385       -550
     5           -340     -340     -385     -530       -710
 STAPLE 34
 LEAF 1 & 2       148      148       87       45       -275
     3            117      117       77       34       -295
     4             60       60       45        0       -350
     5           -128     -128     -165     -310       -523
 STAPLE 35
 LEAF 1 & 2       381      381      310      135       -175
     3            321      321      270       92       -190
     4            180      180      140       40       -270
     5             18       18      -43     -205       -445
 Staple 36
 Leaf 1 & 2       572      572      514      240       -138
     3            517      517      484      192       -148
     4            342      342      282      132       -225
     5            103      103       28     -123       -405
 Staple 37
 Leaf 1 & 2       645      645      581      252       -131
     3            575      575      531      207       -141
     4            389      389      334      154       -208
     5            150      150       72     -101       -385

               COLOR    COLOR    COLOR
                   12       22       32
 STAPLE 33
 LEAF 1 & 2      -255     -255     -380
     3           -270     -270     -395
     4
     5
 STAPLE 34
 LEAF 1 & 2        55       55     -120
     3             50       50     -140
     4
     5
 STAPLE 35
 LEAF 1 & 2       180      180        0
     3            140      140      -25
     4
     5
 Staple 36
 Leaf 1 & 2       315      315       52
     3            270      270       27
     4
     5
 Staple 37
 Leaf 1 & 2       377      377       84
     3            312      312       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