Daily Spot Quotations, Pg 1 (front page)
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MP_CN002    Memphis, TN Cotton and Tobacco Progr  27-Jan-20
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    Mar-20      68.26    70.51         89        37,549
North Delta   -275    Mar-20      66.76    69.01          0        76,705
South Delta   -275    Mar-20      66.76    69.01          0         6,918
East TX-OK    -525    Mar-20      64.26    66.51      1,011       415,228
West Texas    -525    Mar-20      64.26    66.76      2,220       604,078
Desert SW     -725    Mar-20      62.26    66.26      1,250        36,348
SJ Valley     -675    Mar-20      62.76    71.66          0             0
                                                Upland total
Average       -446    Mar-20      65.05    68.53      4,570     1,176,826
Previous      -446    Mar-20      64.94    68.42


            AMERICAN PIMA SPOT PRICE QUOTATIONS

                      Grade 2  Grade 3  Grade 3    SPOT TRANSACTIONS
                     Staple 46Staple 44Staple 46
                                                       AP total
American Pima           110.00    90.50    98.25          0           515




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            1/13/2020         67.07
Mar-20          69.51    69.40     0.11                Season low
May-20          69.94    70.20    -0.26            8/5/2019         52.73
Jul-20          70.68    71.12    -0.44
Oct-20          69.68    70.39    -0.71         EFFECTIVE  Jan 24 - Jan 30
Dec-20          70.10    70.54    -0.44                AWP          61.29
Mar-21          70.42    70.82    -0.40            CC ADJ.           0.00
May-21          70.27    70.54    -0.27         FC ADJ. - 2          0.60
Jul-21          70.07    70.14    -0.07         FC ADJ. - 2          0.45
Oct-21          69.22    69.34    -0.12                LDP           0.00
Dec-21          68.52    68.34     0.18
                                                EFFECTIVE  Jan 24 - Jan 30
                                                       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      -108     -108     -148     -290       -505
     3           -123     -123     -158     -300       -510
     4           -225     -225     -275     -390       -540
     5           -345     -345     -390     -525       -710
 STAPLE 34
 LEAF 1 & 2       137      137       82       44       -265
     3            112      112       77       39       -285
     4             60       60       45        0       -340
     5           -120     -120     -155     -295       -523
 STAPLE 35
 LEAF 1 & 2       355      355      300      145       -175
     3            300      300      265       97       -190
     4            170      170      130       45       -270
     5             20       20      -40     -195       -445
 Staple 36
 Leaf 1 & 2       514      514      469      227       -133
     3            474      474      439      177       -143
     4            307      307      247      112       -225
     5            115      115       40     -108       -395
 Staple 37
 Leaf 1 & 2       557      557      521      239       -126
     3            502      502      476      194       -136
     4            334      334      269      139       -208
     5            137      137       59      -91       -380

               COLOR    COLOR    COLOR
                   12       22       32
 STAPLE 33
 LEAF 1 & 2      -270     -270     -385
     3           -285     -285     -400
     4
     5
 STAPLE 34
 LEAF 1 & 2        35       35     -120
     3             25       25     -140
     4
     5
 STAPLE 35
 LEAF 1 & 2       175      175       -5
     3            135      135      -30
     4
     5
 Staple 36
 Leaf 1 & 2       272      272       47
     3            217      217       22
     4
     5
 Staple 37
 Leaf 1 & 2       319      319       74
     3            264      264       49
     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