Daily Spot Quotations, Pg 1 (front page)
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MP_CN002    Memphis, TN Cotton and Tobacco Progr  15-Mar-19
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     -325    May-19      72.25    74.50          0        18,361
North Delta   -450    May-19      71.00    72.75          0         4,024
South Delta   -450    May-19      71.00    72.75          0         1,723
East TX-OK    -625    May-19      69.25    71.75      2,800       327,250
West Texas    -625    May-19      69.25    72.00      3,333       465,646
Desert SW     -725    May-19      68.25    72.25      1,300        32,580
SJ Valley     -675    May-19      68.75    77.65          0             0
                                                Upland total
Average       -554    May-19      69.96    73.38      7,433       849,584
Previous      -554    May-19      68.76    72.18


            AMERICAN PIMA SPOT PRICE QUOTATIONS

                      Grade 2  Grade 3  Grade 3    SPOT TRANSACTIONS
                     Staple 46Staple 44Staple 46
                                                       AP total
American Pima           120.00    97.50   105.25          0         3,453




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
May-19          75.50    74.30     1.20                Season low
Jul-19          76.60    75.45     1.15           2/13/2019         65.15
Oct-19          75.06    74.33     0.73
Dec-19          74.52    74.06     0.46         EFFECTIVE  Mar 15 - Mar 21
Mar-20          75.36    75.02     0.34                AWP          64.10
May-20          75.78    75.44     0.34            CC ADJ.           0.00
Jul-20          76.06    75.72     0.34         FCA 2016 Cr          0.46
Oct-20          74.44    74.10     0.34         FCA 2017 Cr          0.51
Dec-20          73.16    72.78     0.38                LDP           0.00
Mar-21          73.47    73.13     0.34
                                                EFFECTIVE  Mar 15 - Mar 21
                                                       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       -73      -73     -113     -260       -480
     3            -88      -88     -123     -270       -485
     4           -195     -195     -245     -365       -515
     5           -310     -310     -340     -470       -675
 STAPLE 34
 LEAF 1 & 2       147      147       92       49       -250
     3            122      122       87       44       -270
     4             70       70       50        0       -325
     5            -80      -80     -115     -245       -470
 STAPLE 35
 LEAF 1 & 2       355      355      300      140       -170
     3            300      300      265       92       -185
     4            175      175      130       60       -255
     5             55       55       -5     -145       -395
 Staple 36
 Leaf 1 & 2       504      504      459      227       -123
     3            469      469      434      177       -133
     4            312      312      252      127       -205
     5            160      160       80      -58       -350
 Staple 37
 Leaf 1 & 2       557      557      511      239       -116
     3            502      502      471      194       -126
     4            344      344      274      154       -188
     5            182      182       99      -41       -335

               COLOR    COLOR    COLOR
                   12       22       32
 STAPLE 33
 LEAF 1 & 2      -255     -255     -370
     3           -270     -270     -385
     4
     5
 STAPLE 34
 LEAF 1 & 2        55       55     -100
     3             45       45     -120
     4
     5
 STAPLE 35
 LEAF 1 & 2       185      185       10
     3            145      145      -20
     4
     5
 Staple 36
 Leaf 1 & 2       292      292       72
     3            242      242       47
     4
     5
 Staple 37
 Leaf 1 & 2       334      334       99
     3            284      284       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-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