0 MP_CN002 Memphis, TN Cotton and Tobacco Progr 25-Feb-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 -100 May-25 66.37 71.12 0 37,665 North Delta -200 May-25 65.37 67.37 973 22,559 South Delta -200 May-25 65.37 67.87 0 7,379 East TX-South TX -550 May-25 61.87 66.12 401 124,690 West TX-KS-OK -475 May-25 62.62 65.12 6,684 551,003 Desert SW -500 May-25 62.37 65.62 0 8,406 SJ Valley -475 May-25 62.62 71.52 0 0 Upland total Average -357 May-25 63.80 67.82 8,058 751,702 Previous -357 May-25 64.31 68.33 AMERICAN PIMA SPOT PRICE QUOTATIONS Grade 2 Grade 3 Grade 3 SPOT TRANSACTIONS Staple 46Staple 44Staple 46 AP total American Pima 159.00 140.50 148.25 0 9,937 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 Mar-25 65.96 66.51 -0.55 Season low May-25 67.37 67.88 -0.51 8/6/2024 58.84 Jul-25 68.30 68.80 -0.50 Oct-25 69.31 69.74 -0.43 EFFECTIVE Feb 21 - Feb 27 Dec-25 69.08 69.50 -0.42 AWP 54.67 Mar-26 70.07 70.48 -0.41 CC ADJ. 0.00 May-26 70.84 71.25 -0.41 FC ADJ. - 2 0.00 Jul-26 71.29 71.70 -0.41 FC ADJ. - 2 0.00 Oct-26 69.32 69.70 -0.38 LDP 0.00 Dec-26 68.76 69.00 -0.24 EFFECTIVE Feb 21 - Feb 27 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 -135 -135 -200 -330 -540 3 -155 -155 -215 -340 -550 4 -255 -255 -300 -420 -580 5 -365 -365 -410 -555 -735 STAPLE 34 LEAF 1 & 2 180 180 120 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 & 2 655 655 608 317 -143 3 625 625 580 269 -153 4 367 367 320 179 -250 5 110 110 40 -139 -425 Staple 37 Leaf 1 & 2 735 735 668 344 -136 3 694 694 635 301 -151 4 399 399 372 211 -233 5 162 162 94 -112 -405 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 65 65 -110 3 50 50 -135 4 5 STAPLE 35 LEAF 1 & 2 200 200 10 3 160 160 -10 4 5 Staple 36 Leaf 1 & 2 310 310 67 3 265 265 47 4 5 Staple 37 Leaf 1 & 2 372 372 99 3 317 317 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-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