Daily Spot Quotations, Pg 1 (front page)
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MP_CN002    Memphis, TN Cotton and Tobacco Progr  12-Jul-18
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          N.Y. Futures    Staple 34Staple 35     Today        Season
              Points  Month   cents/lb.cents/lb.     bales         bales

Southeast      -50    Oct-18      88.74    90.99          0        50,038
North Delta   -150    Oct-18      87.74    89.49          0        51,690
South Delta   -150    Oct-18      87.74    89.49          0        13,157
East TX-OK    -524    Oct-18      84.00    86.50      1,349       923,000
West Texas    -524    Oct-18      84.00    86.50      2,349       978,580
Desert SW     -575    Oct-18      83.49    87.49         39        39,214
SJ Valley     -525    Oct-18      83.99    92.89          0           760
                                                Upland total
Average       -357    Oct-18      85.67    89.05      3,737     2,056,439
Previous      -350    Oct-18      81.74    85.12


            AMERICAN PIMA SPOT PRICE QUOTATIONS

                      Grade 2  Grade 3  Grade 3    SPOT TRANSACTIONS
                     Staple 46Staple 44Staple 46
                                                       AP total
American Pima           139.25   116.75   124.50          0         6,252




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            6/12/2018         90.94
Oct-18          89.24    85.24     4.00                Season low
Dec-18          88.54    84.54     4.00          10/20/2017         65.24
Mar-19          88.35    84.35     4.00
May-19          88.23    84.23     4.00         EFFECTIVE  Jul 06 - Jul 12
Jul-19          88.15    84.15     4.00                AWP          74.59
Oct-19          82.72    79.26     3.46            CC ADJ.           0.00
Dec-19          81.39    78.45     2.94         FCA 2016 Cr          0.64
Mar-20          81.30    78.33     2.97         FCA 2017 Cr          0.69
May-20          81.25    78.28     2.97                LDP           0.00
Jul-20          81.32    78.35     2.97
                                                EFFECTIVE  Jul 06 - Jul 12
                                                       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       -68      -68     -108     -255       -470
     3            -83      -83     -118     -265       -475
     4           -190     -190     -240     -360       -505
     5           -305     -305     -335     -460       -665
 STAPLE 34
 LEAF 1 & 2       152      152       97       39       -240
     3            127      127       92       34       -260
     4             75       75       55        0       -315
     5            -75      -75     -110     -240       -460
 STAPLE 35
 LEAF 1 & 2       350      350      295      140       -150
     3            295      295      260       97       -165
     4            180      180      135       65       -235
     5             65       65        5     -135       -375
 Staple 36
 Leaf 1 & 2       502      502      446      234        -81
     3            442      442      411      194        -91
     4            319      319      254      149       -153
     5            182      182       99      -21       -300

               COLOR    COLOR    COLOR
                   12       22       32
 STAPLE 33
 LEAF 1 & 2      -220     -220     -320
     3           -235     -235     -335
     4                       0
     5                       0
 STAPLE 34
 LEAF 1 & 2        55       55      -95
     3             35       35     -115
     4                       0
     5                       0
 STAPLE 35
 LEAF 1 & 2       150      150       30
     3            110      110       -3
     4                       0
     5                       0
 Staple 36
 Leaf 1 & 2       279      279      109
     3            234      234       84
     4                       0
     5                       0

1/  Settlement prices provided by New York Cotton Exchange.  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