Daily Spot Quotations, Pg 1 (front page)
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MP_CN002    Memphis, TN Cotton and Tobacco Progr  16-May-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     Jul-18      84.85    87.10          0        37,540
North Delta   -100    Jul-18      83.35    85.10          0        49,359
South Delta   -100    Jul-18      83.35    85.10          0        12,824
East TX-OK    -785    Jul-18      76.50    78.25      6,493       846,037
West Texas    -935    Jul-18      75.00    76.75        398       951,555
Desert SW     -500    Jul-18      79.35    83.35          0        39,135
SJ Valley     -450    Jul-18      79.85    88.75          0           760
                                                Upland total
Average       -403    Jul-18      80.32    83.49      6,891     1,937,210
Previous      -407    Jul-18      79.69    82.85


            AMERICAN PIMA SPOT PRICE QUOTATIONS

                      Grade 2  Grade 3  Grade 3    SPOT TRANSACTIONS
                     Staple 46Staple 44Staple 46
                                                       AP total
American Pima           140.25   117.75   125.50          0         4,674




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             5/4/2018         82.71
Jul-18          84.35    83.76     0.59                Season low
Oct-18          82.40    81.34     1.06          10/20/2017         65.24
Dec-18          80.69    80.11     0.58
Mar-19          80.49    79.91     0.58         EFFECTIVE  May 11 - May 17
May-19          80.70    80.13     0.57                AWP          75.58
Jul-19          80.84    80.25     0.59            CC ADJ.           0.00
Oct-19          78.07    77.59     0.48         FCA 2016 Cr          1.19
Dec-19          75.44    75.00     0.44         FCA 2017 Cr          1.24
Mar-20          75.39    75.05     0.34                LDP           0.00
May-20          75.59    75.47     0.12
                                                EFFECTIVE  May 11 - May 17
                                                       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       -48      -48      -88     -235       -450
     3            -63      -63      -98     -245       -455
     4           -170     -170     -220     -340       -485
     5           -285     -285     -315     -440       -645
 STAPLE 34
 LEAF 1 & 2       122      122       67       25       -240
     3             97       97       62       20       -260
     4             45       45       25        0       -315
     5           -105     -105     -140     -270       -460
 STAPLE 35
 LEAF 1 & 2       320      320      265      110       -150
     3            265      265      230       67       -165
     4            150      150      105       35       -235
     5             35       35      -25     -165       -375
 Staple 36
 Leaf 1 & 2       472      472      416      204        -81
     3            412      412      381      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      -200     -200     -300
     3           -215     -215     -315
     4                       0
     5                       0
 STAPLE 34
 LEAF 1 & 2        33       33      -95
     3             23       23     -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