Daily Spot Quotations, Pg 1 (front page)
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MP_CN002    Memphis, TN Cotton and Tobacco Progr  06-Dec-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     -200    Mar-19      77.08    79.33          0         4,109
North Delta   -275    Mar-19      76.33    78.08          0           407
South Delta   -275    Mar-19      76.33    78.08          0         1,723
East TX-OK    -600    Mar-19      73.08    75.58      1,536        74,300
West Texas    -600    Mar-19      73.08    75.83      6,926        89,589
Desert SW     -650    Mar-19      72.58    76.58         75         5,657
SJ Valley     -600    Mar-19      73.08    81.98          0             0
                                                Upland total
Average       -457    Mar-19      74.51    77.92      8,537       175,785
Previous      -457    Mar-19      76.58    79.99


            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            52




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          78.02    80.11    -2.09                Season low
Mar-19          79.08    81.15    -2.07          11/13/2018         72.07
May-19          80.26    82.09    -1.83
Jul-19          81.12    82.78    -1.66         EFFECTIVE  Nov 30 - Dec 06
Oct-19          78.28    79.63    -1.35                AWP          67.92
Dec-19          77.48    78.37    -0.89            CC ADJ.           0.00
Mar-20          78.17    78.98    -0.81         FCA 2016 Cr          0.89
May-20          78.71    79.52    -0.81         FCA 2017 Cr          0.94
Jul-20          78.95    79.76    -0.81                LDP           0.00
Oct-20          75.72    76.42    -0.70
                                                EFFECTIVE  Nov 30 - Dec 06
                                                       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       355      355      300      130       -150
     3            300      300      265       87       -165
     4            185      185      140       55       -235
     5             65       65        5     -135       -375
 Staple 36
 Leaf 1 & 2       454      454      409      207       -103
     3            409      409      379      162       -113
     4            297      297      232      117       -185
     5            145      145       65      -53       -330
 Staple 37
 Leaf 1 & 2       502      502      461      224        -96
     3            442      442      416      184       -106
     4            329      329      254      144       -168
     5            167      167       84      -36       -315

               COLOR    COLOR    COLOR
                   12       22       32
 STAPLE 33
 LEAF 1 & 2      -250     -250     -365
     3           -265     -265     -380
     4
     5
 STAPLE 34
 LEAF 1 & 2        55       55     -100
     3             45       45     -120
     4
     5
 STAPLE 35
 LEAF 1 & 2       165      165       25
     3            125      125       -5
     4
     5
 Staple 36
 Leaf 1 & 2       262      262       87
     3            217      217       62
     4
     5
 Staple 37
 Leaf 1 & 2       304      304      114
     3            264      264       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