Daily Spot Quotations, Pg 1 (front page)
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MP_CN002    Memphis, TN Cotton and Tobacco Progr  14-Feb-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     Mar-18      76.10    78.35      1,965        30,319
North Delta   -100    Mar-18      74.60    76.35        323        35,165
South Delta   -100    Mar-18      74.60    76.35          0        12,824
East TX-OK    -285    Mar-18      72.75    74.50      4,843       513,893
West Texas    -360    Mar-18      72.00    74.00      5,610       777,887
Desert SW     -475    Mar-18      70.85    74.85        400        14,653
SJ Valley     -400    Mar-18      71.60    80.50          0           760
                                                Upland total
Average       -239    Mar-18      73.21    76.41     13,141     1,385,501
Previous      -239    Mar-18      73.99    77.19


            AMERICAN PIMA SPOT PRICE QUOTATIONS

                      Grade 2  Grade 3  Grade 3    SPOT TRANSACTIONS
                     Staple 46Staple 44Staple 46
                                                       AP total
American Pima           147.25   124.75   132.50          0         3,674




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            1/19/2018         80.30
Mar-18          75.60    76.38    -0.78                Season low
May-18          76.97    77.40    -0.43          10/20/2017         65.24
Jul-18          78.00    78.42    -0.42
Oct-18          76.40    76.64    -0.24         EFFECTIVE  Feb 09 - Feb 15
Dec-18          75.64    75.87    -0.23                AWP          69.45
Mar-19          75.85    76.07    -0.22            CC ADJ.           0.00
May-19          75.75    76.04    -0.29         FCA 2016 Cr          0.55
Jul-19          75.60    75.97    -0.37         FCA 2017 Cr          0.70
Oct-19          73.48    73.81    -0.33                LDP           0.00
Dec-19          71.21    71.52    -0.31
                                                EFFECTIVE  Feb 09 - Feb 15
                                                       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       -45      -45      -85     -235       -430
     3            -60      -60      -95     -245       -435
     4           -165     -165     -215     -340       -465
     5           -280     -280     -310     -420       -625
 STAPLE 34
 LEAF 1 & 2       130      130       70       25       -220
     3            105      105       65       20       -240
     4             50       50       25        0       -295
     5           -100     -100     -140     -250       -440
 STAPLE 35
 LEAF 1 & 2       325      325      270      110       -130
     3            270      270      235       67       -145
     4            155      155      110       35       -215
     5             40       40      -20     -145       -355
 Staple 36
 Leaf 1 & 2       479      479      424      204        -81
     3            419      419      389      164        -91
     4            289      289      224      119       -153
     5            152      152       69      -51       -300

               COLOR    COLOR    COLOR
                   12       22       32
 STAPLE 33
 LEAF 1 & 2      -180     -180     -280
     3           -195     -195     -295
     4                       0
     5                       0
 STAPLE 34
 LEAF 1 & 2        55       55      -75
     3             50       50      -90
     4                       0
     5                       0
 STAPLE 35
 LEAF 1 & 2       175      175       55
     3            135      135       18
     4                       0
     5                       0
 Staple 36
 Leaf 1 & 2       304      304      134
     3            259      259      109
     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