0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 18-Jul-25 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 -75 Oct-25 66.37 71.12 0 76,783 North Delta -125 Oct-25 65.87 67.87 0 41,025 South Delta -125 Oct-25 65.87 68.37 0 9,308 East TX-South TX -400 Oct-25 63.12 67.37 0 148,758 West TX-KS-OK -425 Oct-25 62.87 65.37 385 701,423 Desert SW -425 Oct-25 62.87 66.12 0 10,653 SJ Valley -350 Oct-25 63.62 72.52 0 0 Upland total Average -275 Oct-25 64.37 68.39 385 987,950 Previous -275 Oct-25 64.50 68.52 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 149.00 130.50 138.25 0 11,953 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 9/24/2024 67.70 Oct-25 67.12 67.25 -0.13 Season low Dec-25 68.68 68.80 -0.12 8/6/2024 58.84 Mar-26 69.98 70.08 -0.10 May-26 71.01 71.09 -0.08 EFFECTIVE Jul 18 - Jul 24 Jul-26 71.74 71.81 -0.07 AWP 54.72 Oct-26 70.47 70.49 -0.02 CC ADJ. 0.00 Dec-26 70.00 70.04 -0.04 FC ADJ. - 2 0.00 Mar-27 70.53 70.57 -0.04 FC ADJ. - 2 0.00 May-27 71.17 71.20 -0.03 LDP 0.00 Jul-27 71.51 71.53 -0.02 EFFECTIVE Jul 18 - Jul 24 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 -130 -130 -200 -330 -540 3 -150 -150 -210 -335 -550 4 -255 -255 -295 -415 -580 5 -365 -365 -410 -550 -735 STAPLE 34 LEAF 1 & 2 180 180 125 45 -270 3 140 140 100 30 -295 4 65 65 55 0 -360 5 -125 -125 -155 -310 -525 STAPLE 35 LEAF 1 & 2 420 420 380 165 -180 3 365 365 340 142 -195 4 230 230 200 82 -290 5 20 20 -25 -211 -460 Staple 36 Leaf 1 & 2 645 645 598 322 -138 3 615 615 570 274 -148 4 367 367 320 184 -245 5 110 110 45 -134 -420 Staple 37 Leaf 1 & 2 725 725 663 359 -131 3 684 684 630 316 -146 4 399 399 374 226 -228 5 162 162 99 -107 -400 COLOR COLOR COLOR 12 22 32 STAPLE 33 LEAF 1 & 2 -235 -235 -380 3 -255 -255 -400 4 5 STAPLE 34 LEAF 1 & 2 70 70 -110 3 50 50 -135 4 5 STAPLE 35 LEAF 1 & 2 205 205 10 3 160 160 -10 4 5 Staple 36 Leaf 1 & 2 310 310 72 3 265 265 52 4 5 Staple 37 Leaf 1 & 2 372 372 104 3 317 317 79 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-South Texas, West Texas-Kansas-Oklahoma, 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