Daily Spot Quotations, Pg 1 (front page)
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MP_CN002    Memphis, TN Cotton and Tobacco Progr  04-Dec-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     -150    Mar-21      70.07    72.32      3,077        51,306
North Delta   -275    Mar-21      68.82    71.07      3,263        11,779
South Delta   -275    Mar-21      68.82    71.07          0         9,933
East TX-OK    -500    Mar-21      66.57    69.07      5,014       181,396
West Texas    -500    Mar-21      66.57    69.82      6,703       282,175
Desert SW     -700    Mar-21      64.57    68.82          0        12,612
SJ Valley     -650    Mar-21      65.07    73.97          0             0
                                                Upland total
Average       -436    Mar-21      67.21    70.88     18,057       549,201
Previous      -443    Mar-21      66.68    70.31


            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             0




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           11/23/2020         68.91
Dec-20          69.86    69.42     0.44                Season low
Mar-21          71.57    71.11     0.46           8/12/2020         57.20
May-21          72.45    72.00     0.45
Jul-21          73.21    72.76     0.45         EFFECTIVE  Dec 04 - Dec 10
Oct-21          71.31    70.90     0.41                AWP          58.42
Dec-21          70.69    70.28     0.41            CC ADJ.           0.00
Mar-22          71.58    71.17     0.41         FC ADJ. - 2          0.85
May-22          72.11    71.66     0.45         FC ADJ. - 2          0.80
Jul-22          72.40    72.05     0.35                LDP           0.00
Oct-22          70.26    69.91     0.35
                                                EFFECTIVE  Dec 04 - Dec 10
                                                       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       -98      -98     -148     -300       -515
     3           -123     -123     -163     -310       -520
     4           -230     -230     -280     -390       -550
     5           -350     -350     -395     -530       -710
 STAPLE 34
 LEAF 1 & 2       148      148       82       40       -275
     3            117      117       72       34       -295
     4             55       55       40        0       -350
     5           -128     -128     -165     -305       -523
 STAPLE 35
 LEAF 1 & 2       401      401      330      145       -175
     3            341      341      290       97       -190
     4            175      175      135       40       -270
     5             18       18      -43     -200       -445
 Staple 36
 Leaf 1 & 2       607      607      549      250       -133
     3            552      552      519      197       -143
     4            337      337      277      132       -225
     5            103      103       28     -118       -405
 Staple 37
 Leaf 1 & 2       670      670      606      262       -126
     3            600      600      556      212       -136
     4            374      374      319      154       -208
     5            140      140       62      -96       -385

               COLOR    COLOR    COLOR
                   12       22       32
 STAPLE 33
 LEAF 1 & 2      -265     -265     -380
     3           -280     -280     -395
     4
     5
 STAPLE 34
 LEAF 1 & 2        45       45     -120
     3             40       40     -140
     4
     5
 STAPLE 35
 LEAF 1 & 2       190      190       10
     3            150      150      -15
     4
     5
 Staple 36
 Leaf 1 & 2       325      325       62
     3            280      280       37
     4
     5
 Staple 37
 Leaf 1 & 2       387      387       94
     3            322      322       64
     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