cotton price $tatistic$ - agricultural marketing service · pdf filetable 1. upland cotton:...

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Delivered to the CCC Loans Outstanding Total 2017-crop American Pima - 114,726 114,726 2015-crop Upland 431 - 431 2016-crop Upland 16 149 165 2017-crop Upland - 2,258,366 2,258,366 Total 447 2,373,241 2,373,688 May 2, 2018 CCC-loan stocks April 23, 2018 Cotton Price $tatistic$ 901 384-3016 USDA, AMS, Cotton and Tobacco Program Cotton Market News Division 3275 Appling Road Memphis, Tennessee 38133 Vol. 99 No. 9 April 2018 Inside this Issue Overview Spot Cotton Quotations U. S. Monthly Averages Monthly Averages Southeast North Delta South Delta East Texas/OK West Texas Desert SW San Joaquin Valley American Pima U. S. Season Average Spot Transactions Farm Prices U. S. Weighted Average Contact Us [email protected] Mp_cn820

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68534 ########

68534 11930

Delivered to the CCC Loans Outstanding Total

2017-crop American Pima - 114,726 114,726

2015-crop Upland 431 - 431

2016-crop Upland 16 149 165

2017-crop Upland - 2,258,366 2,258,366

Total 447 2,373,241 2,373,688

May 2, 2018

CCC-loan stocks April 23, 2018

Cotton Price $tatistic$

901 384-3016

USDA, AMS, Cotton and Tobacco Program

Cotton Market News Division

3275 Appling Road

Memphis, Tennessee 38133

Vol. 99 No. 9

April 2018

Inside this Issue

Overview

Spot Cotton Quotations

U. S. Monthly

Averages

Monthly Averages

Southeast

North Delta

South Delta

East Texas/OK

West Texas

Desert SW

San Joaquin Valley

American Pima

U. S. Season Average

Spot Transactions

Farm Prices

U. S. Weighted

Average

Contact Us

[email protected]

Mp_cn820

Table 1. Upland cotton: Spot quotations for color 41, leaf 4, staple 34, mike 35-36 and 43-49, strength 26.5-28.4 grams per tex

and uniformity 81, in mixed lots, net weight, compressed, FOB car/truck, in cents per pound.

Date North South East TX- West Desert SJ

Southeast Delta Delta OK Texas SW Valley

Cents per pound Price

1

2 81.47 79.97 79.97 75.50 74.75 75.97 76.47 77.73 -324 May-18

3 82.52 81.02 81.02 76.50 75.75 77.02 77.52 78.76 -326 May-18

4 80.14 78.64 78.64 74.00 73.25 74.64 75.14 76.35 -329 May-18

5 83.07 81.57 81.57 75.50 74.75 77.57 78.07 78.87 -370 May-18

6 83.04 81.54 81.54 75.75 75.00 77.54 78.04 78.92 -362 May-18

7

8

9 83.41 81.91 81.91 75.75 75.00 77.91 78.41 79.19 -372 May-18

10 84.03 82.53 82.53 76.25 75.50 78.53 79.03 79.77 -376 May-18

11 84.33 82.83 82.83 76.50 75.75 78.83 79.33 80.06 -377 May-18

12 84.19 82.69 82.69 76.00 75.25 78.69 79.19 79.81 -388 May-18

13 83.91 82.41 82.41 76.00 75.00 78.41 78.91 79.58 -383 May-18

14

15

16 83.75 82.25 82.25 76.00 75.00 78.25 78.75 79.46 -379 May-18

17 83.45 81.95 81.95 75.75 74.75 77.95 78.45 79.18 -377 Jul-18

18 83.11 81.61 81.61 75.50 74.50 77.61 78.11 78.86 -375 Jul-18

19 83.32 81.82 81.82 75.50 74.50 77.82 78.32 79.01 -381 Jul-18

20 85.23 83.73 83.73 77.50 76.50 79.73 80.23 80.95 -378 Jul-18

21

22

23 84.62 83.12 83.12 77.50 76.50 79.12 79.62 80.51 -361 Jul-18

24 82.01 80.51 80.51 75.00 74.00 76.51 77.01 77.94 -357 Jul-18

25 84.44 82.94 82.94 77.50 76.50 78.94 79.44 80.39 -355 Jul-18

26 84.67 83.17 83.17 77.50 76.50 79.17 79.67 80.55 -362 Jul-18

27 85.01 83.51 83.51 76.50 75.50 79.51 80.01 80.51 -400 Jul-18

28

29

30 84.34 82.84 82.84 75.75 74.25 78.84 79.34 79.74 -410 Jul-18

31

Average 83.53 82.03 82.03 76.08 75.17 78.03 78.53 79.34

High 85.23 83.73 83.73 77.50 76.50 79.73 80.23 80.95

Low 80.14 78.64 78.64 74.00 73.25 74.64 75.14 76.35

Pag

e 2

April-2018

U.S.

Average

Basis

Table 2. United States spot cotton differences, monthly average.

Color Leaf26-31 32 33 34 35 36 37 38

11 & 21 1 & 2 -263 -212 -51 166 414 596 654 698

3 -325 -232 -64 137 361 542 589 630

4 -375 -258 -173 48 169 301 342 342

5 -463 -373 -290 -102 37 119 146 146

6 -625 -485 -433 -314 -221 -173 -158 -158

7 -700 -580 -550 -421 -346 -295 -282 -282

31 1 & 2 -363 -237 -89 104 354 542 599 635

3 -400 -247 -97 94 318 507 553 589

4 -475 -293 -223 29 130 238 269 272

5 -538 -403 -315 -146 -23 44 69 69

6 -688 -510 -450 -343 -266 -228 -209 -209

7 -775 -605 -567 -439 -379 -342 -324 -324

41 1 & 2 -488 -320 -238 39 143 238 255 262

3 -513 -330 -246 25 91 188 209 216

4 -563 -360 -329 79.34 54 134 159 162

5 -613 -470 -417 -271 -150 -84 -70 -70

6 -763 -575 -550 -446 -356 -309 -302 -302

7 -875 -685 -688 -586 -496 -474 -469 -469

51 1 & 2 -613 -540 -438 -304 -161 -120 -115 -115

3 -613 -580 -442 -325 -179 -134 -129 -129

4 -650 -600 -471 -375 -246 -207 -195 -195

5 -700 -685 -642 -500 -375 -332 -321 -321

6 -863 -765 -746 -625 -550 -525 -518 -518

7 -963 -850 -871 -764 -682 -661 -657 -657

61 1-5 -725 -720 -655 -480 -425 -400 -400 -400

6 -875 -825 -775 -645 -605 -575 -575 -575

7 -975 -940 -895 -735 -695 -670 -670 -670

71 1-6 -925 -1020 -965 -820 -780 -760 -760 -760

7 -1013 -1060 -1015 -855 -835 -815 -815 -815

12 & 22 1 & 2 -463 -270 -171 63 219 361 398 426

3 -500 -290 -183 43 173 314 355 380

4 -538 -315 -279 -25 104 224 255 259

5 -638 -485 -438 -261 -89 -32 -7 -7

6 -800 -605 -583 -461 -343 -307 -289 -289

7 -900 -690 -696 -593 -504 -468 -450 -450

32 1 & 2 -500 -370 -275 -68 73 146 156 171

3 -538 -385 -288 -89 39 117 128 142

4 -600 -435 -346 -206 -57 -6 3 3

5 -713 -585 -500 -378 -261 -214 -214 -214

6 -875 -675 -663 -546 -443 -414 -414 -414

7 -1000 -780 -771 -671 -589 -568 -568 -568

42 1-3 -600 -530 -450 -299 -150 -96 -96 -96

4 -650 -570 -471 -339 -218 -164 -164 -164

5 -775 -705 -617 -489 -357 -329 -329 -329

6 -988 -795 -763 -635 -561 -536 -536 -536

7 -1088 -890 -854 -774 -696 -679 -679 -679

52 1-4 -813 -710 -638 -571 -496 -475 -475 -475

5 -888 -785 -746 -654 -579 -564 -564 -564

6 -1100 -935 -888 -796 -736 -721 -721 -721

7 -1188 -1020 -1017 -936 -882 -857 -857 -857

62 1-5 -938 -915 -850 -725 -690 -670 -670 -6706 -1138 -1080 -1015 -870 -840 -815 -815 -815

Page 3

April-2018

Staple

United States (Continued)

Color Leaf

26-31 32 33 34 35 36 37 38

13 & 23 1 & 2 -661 -499 -436 -209 -136 -68 -56 -56

3 -699 -524 -461 -234 -161 -93 -81 -81

4 -736 -599 -524 -284 -211 -143 -131 -131

5 -861 -699 -649 -409 -336 -256 -243 -243

6 -974 -774 -711 -496 -424 -343 -331 -331

7 -1061 -874 -811 -584 -536 -456 -443 -443

33 1 & 2 -774 -574 -511 -339 -308 -262 -254 -254

3 -774 -574 -511 -339 -308 -262 -254 -254

4 -849 -649 -574 -406 -374 -329 -321 -321

5 -999 -761 -686 -564 -524 -471 -462 -462

6 -1061 -836 -799 -714 -691 -637 -629 -629

7 -1149 -949 -874 -848 -816 -762 -754 -754

43 1-3 -824 -805 -683 -563 -525 -487 -484 -484

4 -899 -850 -733 -610 -557 -523 -520 -520

5 -1024 -905 -833 -746 -696 -670 -666 -666

6 -1111 -985 -920 -850 -828 -805 -802 -802

7 -1199 -1110 -1029 -975 -953 -930 -927 -927

53 1-4 -974 -950 -875 -733 -695 -673 -669 -669

5 -1074 -1030 -975 -825 -795 -773 -769 -769

6 -1186 -1145 -1062 -920 -891 -869 -864 -864

7 -1274 -1210 -1200 -1050 -1029 -1006 -1002 -1002

63 1-5 -1186 -1125 -1060 -905 -860 -832 -827 -827

6 -1274 -1215 -1140 -980 -950 -922 -917 -917

34 1 & 2 -849 -699 -649 -424 -399 -336 -324 -324

3 -849 -699 -649 -424 -399 -336 -324 -324

4 -974 -824 -749 -524 -499 -436 -424 -424

5 -1074 -924 -874 -649 -624 -561 -549 -549

6 -1236 -1086 -1036 -836 -811 -749 -736 -736

44 1-3 -961 -811 -761 -536 -511 -449 -436 -436

4 -1036 -911 -811 -586 -561 -499 -486 -486

5 -1124 -986 -911 -686 -661 -599 -586 -586

6 -1286 -1136 -1086 -886 -861 -799 -786 -786

54 1-4 -1061 -936 -886 -636 -624 -561 -561 -561

5 -1161 -1024 -949 -736 -724 -661 -661 -661

Diff.

-1815 Diff.

-1362 -250

-1017 -250

-646 -342

-406 -279

0 -225

14 -239

0 -200

-271 -100

-396 0

0

32

54

79

Points

-97 Diff.

-83

-71 -157

-4 -714

0

7 -421

29 -756

37

47 -350

57 -525

Page 4

85.0 - 85.9 Level 1

86.0 & Above Level 2

82.0 - 82.9 Level 1

83.0 - 83.9 Level 2

84.0 - 84.9 Other

79.0 - 79.9 Level 1

80.0 - 80.9 Level 2

Base 81.0 - 81.9 Bark

Uniformity

Unit Extraneous Matter

77.9 & Below Prep

78.0 - 78.9

53 & Above Base 27.0 - 28.9

29.0 - 29.9

30.0 - 30.9

31.0 - 32.9

33.0 & above

37-42 24.0 - 24.9

Base 43-49 25.0 - 25.9

50-52 26.0 - 26.9

30-32 21.0 - 21.9

33-34 22.0 - 22.9

Base 35-36 23.0 - 23.9

24 & Below Range

25-26 19.0 - 19.9

27-29 20.0 - 20.9

April-2018

Staple

Mike Strength

Range (Grams per Tex)

Table 3. Southeast spot cotton differences, monthly average.

Color Leaf

32 33 34 35 36 37 38 Range Diff.

11 & 21 1 & 2 -225 -50 150 250 425 475 475 25-26 -825

3 -225 -50 150 225 400 450 450 27-29 -425

4 -225 -125 75 175 275 300 300 30-32 -275

5 -375 -225 -125 25 75 75 75 33-34 -150

6 -500 -350 -300 -225 -200 -200 -200 Base 35-36 0

7 -625 -475 -450 -350 -325 -325 -325 37-42 0

31 1 & 2 -225 -50 125 225 400 425 425 Base 43-49 0

3 -225 -50 125 225 375 400 400 50-52 -200

4 -225 -125 75 175 250 275 275 53 & Above -375

5 -375 -225 -125 25 50 50 50

6 -500 -350 -300 -275 -250 -250 -250

7 -625 -475 -450 -400 -375 -375 -375

41 1 & 2 -275 -100 50 200 225 225 250

3 -275 -100 50 175 200 200 225

4 -275 -200 83.53 150 175 175 200 Range Diff.

5 -450 -350 -200 -75 -25 -25 -25 21.0 - 21.9 -425

6 -575 -450 -425 -350 -325 -325 -325 22.0 - 22.9 -350

7 -675 -575 -550 -500 -475 -475 -475 23.0 - 23.9 -300

51 1 & 2 -475 -300 -175 -175 -150 -150 -150 24.0 - 24.9 -250

3 -550 -325 -250 -225 -175 -175 -175 25.0 - 25.9 -200

4 -575 -325 -275 -275 -250 -250 -250 26.0 - 26.9 -25

5 -675 -550 -450 -400 -375 -375 -375 Base 27.0 - 28.9 0

6 -750 -575 -525 -525 -500 -500 -500 29.0 - 29.9 0

7 -825 -700 -675 -675 -650 -650 -650 30.0 - 30.9 25

61 1-5 -775 -700 -625 -600 -600 -600 -600 31.0 - 32.9 50

6 -950 -875 -825 -800 -800 -800 -800 33.0 & above 50

7 -1075 -950 -900 -875 -875 -875 -875

71 1-6 -1075 -1000 -950 -950 -950 -950 -950

7 -1100 -1025 -975 -975 -975 -975 -975

12 & 22 1 & 2 -275 -100 50 150 275 275 300

3 -275 -100 50 125 250 250 275 Prep Diff.

4 -275 -125 0 100 225 225 250 Level 1 -200

5 -425 -325 -200 0 25 25 25 Level 2 -800

6 -550 -425 -425 -350 -325 -325 -325

7 -650 -550 -550 -500 -475 -475 -475 Other Diff.

32 1 & 2 -325 -175 -25 0 50 50 50 Level 1 -400

3 -350 -200 -50 0 25 25 25 Level 2 -800

4 -450 -200 -150 -100 -50 -50 -50

5 -525 -350 -300 -275 -250 -250 -250

6 -600 -450 -450 -425 -400 -400 -400

7 -700 -575 -575 -550 -525 -525 -525

42 1-3 -625 -425 -225 -200 -175 -175 -175

4 -675 -425 -275 -275 -250 -250 -250 Unit Points

5 -775 -650 -425 -375 -350 -350 -350 77.9 & Below -125

6 -825 -775 -625 -625 -600 -600 -600 78.0 - 78.9 -110

7 -925 -800 -775 -750 -725 -725 -725 79.0 - 79.9 -100

52 1-4 -825 -700 -575 -500 -500 -500 -500 80.0 - 80.9 -25

5 -850 -850 -675 -650 -650 -650 -650 Base 81.0 - 81.9 0

6 -925 -900 -850 -825 -825 -825 -825 82.0 - 82.9 0

7 -1075 -1000 -950 -925 -925 -925 -925 83.0 - 83.9 20

62 1-5 -950 -875 -825 -825 -825 -825 -825 84.0 - 84.9 30

6 -1125 -1050 -1000 -1000 -1000 -1000 -1000 85.0 - 85.9 40

43 1-3 -900 -850 -800 -750 -725 -725 -725 86.0 & Above 50

4 -925 -900 -850 -775 -750 -750 -750

5 -950 -900 -850 -825 -825 -825 -825

6 -1000 -925 -875 -850 -850 -850 -850

7 -1125 -1000 -950 -925 -925 -925 -925

53 1-4 -1000 -900 -850 -800 -800 -800 -800

5 -1125 -1075 -975 -975 -975 -975 -975

6 -1150 -1100 -1000 -1000 -1000 -1000 -1000

7 -1250 -1200 -1100 -1100 -1100 -1100 -1100

63 1-5 -1125 -1075 -975 -975 -975 -975 -975

6 -1250 -1200 -1100 -1100 -1100 -1100 -1100

Page 5

Uniformity

April-2018

Staple Mike

Strength

(Grams per Tex)

Extraneous Matter

Table 4. North Delta spot cotton differences, monthly average.

Color Leaf

32 33 34 35 36 37 38 Range Diff.

11 & 21 1 & 2 -225 -75 125 250 475 500 500 25-26 -1000

3 -225 -75 100 200 400 425 425 27-29 -650

4 -275 -200 25 75 300 325 325 30-32 -325

5 -450 -325 -75 0 25 50 50 33-34 -125

6 -500 -475 -350 -300 -300 -300 -300 Base 35-36 0

7 -600 -575 -450 -400 -400 -400 -400 37-42 25

31 1 & 2 -225 -100 75 200 450 475 475 Base 43-49 0

3 -225 -100 75 175 400 425 425 50-52 -225

4 -275 -250 25 75 250 275 275 53 & Above -375

5 -450 -325 -125 -50 -25 0 0

6 -500 -475 -350 -300 -300 -300 -300

7 -600 -575 -450 -400 -400 -400 -400

41 1 & 2 -350 -250 50 100 225 250 250

3 -350 -250 25 50 200 225 225

4 -375 -275 82.03 0 125 150 150 Range Diff.

5 -525 -400 -225 -125 -75 -75 -75 21.0 - 21.9 -300

6 -575 -500 -400 -325 -300 -300 -300 22.0 - 22.9 -250

7 -700 -675 -550 -450 -450 -450 -450 23.0 - 23.9 -200

51 1 & 2 -675 -475 -350 -250 -250 -250 -250 24.0 - 24.9 -175

3 -725 -475 -375 -275 -275 -275 -275 25.0 - 25.9 -150

4 -750 -500 -400 -350 -350 -350 -350 26.0 - 26.9 -25

5 -825 -725 -525 -475 -450 -450 -450 Base 27.0 - 28.9 0

6 -850 -825 -675 -600 -600 -600 -600 29.0 - 29.9 0

7 -1000 -975 -825 -700 -700 -700 -700 30.0 - 30.9 25

61 1-5 -850 -750 -650 -575 -575 -575 -575 31.0 - 32.9 50

6 -925 -850 -775 -750 -750 -750 -750 33.0 & above 50

7 -1025 -1000 -875 -850 -850 -850 -850

71 1-6 -1225 -1175 -1075 -1025 -1025 -1025 -1025

7 -1275 -1225 -1075 -1075 -1075 -1075 -1075

12 & 22 1 & 2 -275 -125 50 100 250 275 275

3 -275 -125 25 50 200 250 250 Prep Diff.

4 -300 -250 0 0 150 175 175 Level 1 -200

5 -500 -375 -200 -100 -75 -50 -50 Level 2 -800

6 -625 -550 -425 -325 -300 -300 -300

7 -675 -650 -525 -450 -425 -425 -425 Other Diff.

32 1 & 2 -400 -250 -100 0 50 50 50 Level 1 -375

3 -400 -250 -100 -25 25 25 25 Level 2 -785

4 -425 -275 -200 -100 -75 -75 -75

5 -600 -425 -250 -225 -200 -200 -200

6 -700 -650 -475 -425 -400 -400 -400

7 -800 -750 -575 -525 -525 -525 -525

42 1-3 -550 -425 -350 -225 -225 -225 -225

4 -575 -450 -375 -300 -300 -300 -300 Unit Points

5 -725 -575 -450 -400 -375 -375 -375 77.9 & Below -90

6 -850 -750 -600 -550 -525 -525 -525 78.0 - 78.9 -80

7 -900 -800 -700 -650 -650 -650 -650 79.0 - 79.9 -70

52 1-4 -750 -575 -525 -500 -500 -500 -500 80.0 - 80.9 0

5 -825 -725 -650 -600 -600 -600 -600 Base 81.0 - 81.9 0

6 -975 -875 -800 -775 -775 -775 -775 82.0 - 82.9 0

7 -1000 -975 -900 -875 -875 -875 -875 83.0 - 83.9 30

62 1-5 -1025 -925 -850 -825 -825 -825 -825 84.0 - 84.9 40

6 -1175 -1075 -950 -925 -925 -925 -925 85.0 - 85.9 50

43 1-3 -900 -675 -500 -475 -475 -475 -475 86.0 & Above 60

4 -925 -700 -525 -500 -500 -500 -500

5 -950 -850 -775 -750 -750 -750 -750

6 -1050 -950 -875 -850 -850 -850 -850

7 -1200 -1100 -1025 -1000 -1000 -1000 -1000

53 1-4 -1000 -900 -825 -800 -800 -800 -800

5 -1075 -1000 -925 -900 -900 -900 -900

6 -1250 -1100 -1025 -1000 -1000 -1000 -1000

7 -1275 -1225 -1125 -1100 -1100 -1100 -1100

63 1-5 -1225 -1175 -1100 -1075 -1075 -1075 -1075

6 -1275 -1225 -1100 -1075 -1075 -1075 -1075

Page 6

Extraneous Matter

Uniformity

April-2018

Staple Mike

Strength

(Grams per Tex)

Table 5. South Delta spot cotton differences, monthly average.

Color Leaf

32 33 34 35 36 37 38 Range Diff.

11 & 21 1 & 2 -225 -75 125 250 475 500 500 25-26 -1100

3 -225 -75 100 200 400 425 425 27-29 -750

4 -275 -200 25 75 300 325 325 30-32 -325

5 -450 -325 -75 0 25 50 50 33-34 -125

6 -500 -475 -350 -300 -300 -300 -300 Base 35-36 0

7 -600 -575 -450 -400 -400 -400 -400 37-42 25

31 1 & 2 -225 -100 75 200 450 475 475 Base 43-49 0

3 -225 -100 75 175 400 425 425 50-52 -225

4 -275 -250 25 75 250 275 275 53 & Above -375

5 -450 -325 -125 -50 -25 0 0

6 -500 -475 -350 -300 -300 -300 -300

7 -600 -575 -450 -400 -400 -400 -400

41 1 & 2 -350 -250 50 100 225 250 250

3 -350 -250 25 50 200 225 225

4 -375 -275 82.03 0 125 150 150 Range Diff.

5 -525 -400 -225 -125 -75 -75 -75 21.0 - 21.9 -275

6 -575 -500 -400 -325 -300 -300 -300 22.0 - 22.9 -225

7 -700 -675 -550 -450 -450 -450 -450 23.0 - 23.9 -200

51 1 & 2 -675 -475 -350 -250 -250 -250 -250 24.0 - 24.9 -175

3 -725 -475 -375 -275 -275 -275 -275 25.0 - 25.9 -150

4 -750 -500 -400 -350 -350 -350 -350 26.0 - 26.9 -25

5 -825 -725 -525 -475 -450 -450 -450 Base 27.0 - 28.9 0

6 -925 -825 -675 -600 -600 -600 -600 29.0 - 29.9 0

7 -1000 -975 -825 -700 -700 -700 -700 30.0 - 30.9 25

61 1-5 -850 -750 -650 -575 -575 -575 -575 31.0 - 32.9 50

6 -925 -850 -775 -750 -750 -750 -750 33.0 & above 50

7 -1025 -1000 -875 -850 -850 -850 -850

71 1-6 -1225 -1175 -1075 -1025 -1025 -1025 -1025

7 -1275 -1225 -1125 -1075 -1075 -1075 -1075

12 & 22 1 & 2 -275 -125 50 100 250 275 275

3 -275 -125 25 50 200 250 250 Prep Diff.

4 -300 -250 0 0 150 175 175 Level 1 -200

5 -500 -375 -200 -100 -75 -50 -50 Level 2 -800

6 -625 -550 -425 -325 -300 -300 -300

7 -675 -650 -525 -450 -425 -425 -425 Other Diff.

32 1 & 2 -400 -250 -100 0 50 50 50 Level 1 -375

3 -400 -250 -100 -25 25 25 25 Level 2 -785

4 -425 -275 -200 -100 -75 -75 -75

5 -600 -425 -250 -225 -200 -200 -200

6 -700 -650 -475 -425 -400 -400 -400

7 -800 -750 -575 -525 -525 -525 -525

42 1-3 -550 -425 -350 -225 -225 -225 -225

4 -575 -450 -375 -300 -275 -275 -275 Unit Points

5 -725 -575 -450 -400 -375 -375 -375 77.9 & Below -90

6 -850 -750 -600 -525 -500 -500 -500 78.0 - 78.9 -80

7 -900 -800 -700 -650 -650 -650 -650 79.0 - 79.9 -70

52 1-4 -750 -575 -525 -500 -500 -500 -500 80.0 - 80.9 0

5 -825 -725 -650 -600 -600 -600 -600 Base 81.0 - 81.9 0

6 -975 -875 -800 -775 -775 -775 -775 82.0 - 82.9 0

7 -1000 -975 -900 -875 -875 -875 -875 83.0 - 83.9 30

62 1-5 -1025 -925 -850 -825 -825 -825 -825 84.0 - 84.9 40

6 -1175 -1075 -950 -925 -925 -925 -925 85.0 - 85.9 50

43 1-3 -900 -675 -475 -450 -450 -450 -450 86.0 & Above 60

4 -925 -700 -525 -500 -500 -500 -500

5 -950 -850 -775 -750 -750 -750 -750

6 -1050 -950 -875 -850 -850 -850 -850

7 -1200 -1100 -1025 -1000 -1000 -1000 -1000

53 1-4 -1000 -900 -825 -800 -800 -800 -800

5 -1075 -1000 -925 -900 -900 -900 -900

6 -1250 -1100 -1025 -1000 -1000 -1000 -1000

7 -1275 -1225 -1125 -1100 -1100 -1100 -1100

63 1-5 -1225 -1175 -1100 -1075 -1075 -1075 -1075

6 -1275 -1225 -1100 -1075 -1075 -1075 -1075

Page 7

Extraneous Matter

Uniformity

April-2018

Staple Mike

Strength

(Grams per Tex)

Table 6. East Texas-Oklahoma spot cotton differences, monthly average.

Color Leaf26-31 32 33 34 35 36 37 38

11 & 21 1 & 2 -300 -250 -75 130 275 425 450 475

3 -350 -300 -100 80 225 350 375 400

4 -425 -300 -125 25 25 250 275 275

5 -475 -350 -300 -100 25 225 225 225

6 -625 -475 -475 -275 -275 -75 -75 -75

7 -700 -575 -575 -350 -350 -150 -150 -150

31 1 & 2 -350 -275 -75 50 225 325 400 425

3 -375 -300 -100 50 175 300 350 375

4 -475 -375 -175 0 25 150 150 150

5 -525 -375 -325 -100 0 150 150 150

6 -650 -500 -500 -275 -275 -125 -125 -125

7 -725 -600 -600 -350 -350 -225 -225 -225

41 1 & 2 -450 -275 -100 25 100 250 275 275

3 -475 -300 -125 25 50 125 150 150

4 -525 -375 -275 76.08 0 100 125 125

5 -600 -425 -375 -150 -100 100 125 125

6 -750 -550 -525 -300 -300 -125 -125 -125

7 -850 -650 -625 -400 -375 -300 -300 -300

51 1 & 2 -575 -425 -325 0 0 125 150 150

3 -575 -450 -325 0 0 125 150 150

4 -625 -475 -350 -75 -50 75 100 100

5 -675 -550 -500 -175 -125 -50 -25 -25

6 -850 -650 -650 -325 -325 -250 -250 -250

7 -950 -675 -675 -400 -400 -325 -325 -325

61 1-5 -700 -550 -500 -175 -175 -100 -100 -100

6 -875 -675 -650 -350 -325 -250 -250 -250

7 -975 -775 -750 -450 -425 -350 -350 -350

71 1-6 -900 -800 -750 -425 -425 -350 -350 -350

7 -1000 -850 -825 -500 -500 -425 -425 -425

12 & 22 1 & 2 -500 -300 -125 75 125 250 250 250

3 -525 -350 -175 55 75 175 175 175

4 -575 -375 -200 25 25 175 175 175

5 -650 -550 -500 -250 -150 75 75 75

6 -825 -650 -650 -400 -350 -275 -275 -275

7 -950 -775 -750 -500 -450 -375 -375 -375

32 1 & 2 -525 -450 -275 -25 75 200 200 200

3 -550 -450 -300 -45 -25 125 125 125

4 -600 -475 -375 -120 -100 -25 -25 -25

5 -700 -600 -575 -295 -225 -25 -25 -25

6 -875 -700 -700 -470 -425 -350 -350 -350

7 -1025 -825 -825 -570 -525 -450 -450 -450

42 1-3 -575 -500 -425 -95 -50 50 50 50

4 -625 -525 -450 -120 -100 -25 -25 -25

5 -775 -650 -600 -345 -300 -250 -250 -250

6 -1000 -750 -725 -495 -450 -400 -400 -400

7 -1125 -875 -850 -620 -550 -500 -500 -500

52 1-4 -775 -600 -525 -350 -350 -300 -300 -300

5 -850 -700 -600 -400 -400 -350 -350 -350

6 -1075 -900 -825 -550 -525 -475 -475 -475

7 -1175 -1025 -950 -675 -650 -550 -550 -550

62 1-5 -900 -775 -750 -475 -450 -400 -400 -4006 -1125 -975 -950 -675 -650 -575 -575 -575

Page 8

April-2018

Staple

EAST TEXAS-OKLAHOMA (Continued)

Color Leaf

26-31 32 33 34 35 36 37 38

13 & 23 1 & 2 -724 -599 -524 -219 -149 -38 -13 -13

3 -749 -624 -549 -244 -174 -63 -38 -38

4 -799 -699 -599 -294 -224 -113 -88 -88

5 -924 -799 -724 -419 -349 -238 -213 -213

6 -1049 -874 -774 -519 -449 -338 -313 -313

7 -1149 -974 -899 -644 -574 -463 -438 -438

33 1 & 2 -824 -674 -599 -269 -224 -113 -88 -88

3 -824 -674 -599 -269 -224 -113 -88 -88

4 -899 -749 -649 -319 -274 -163 -138 -138

5 -1049 -849 -749 -444 -399 -288 -263 -263

6 -1124 -924 -849 -569 -524 -413 -388 -388

7 -1224 -1049 -949 -694 -649 -538 -513 -513

43 1-3 -874 -749 -649 -319 -274 -163 -138 -138

4 -949 -824 -699 -344 -299 -188 -163 -163

5 -1074 -924 -799 -449 -424 -313 -288 -288

6 -1174 -999 -899 -599 -574 -463 -438 -438

7 -1274 -1099 -999 -699 -674 -563 -538 -538

53 1-4 -999 -924 -824 -499 -499 -413 -388 -388

5 -1099 -999 -924 -574 -574 -488 -463 -463

6 -1199 -1099 -1024 -724 -699 -613 -588 -588

7 -1299 -1199 -1149 -824 -774 -688 -663 -663

63 1-5 -1199 -1074 -974 -674 -574 -488 -463 -463

6 -1299 -1199 -1074 -774 -724 -638 -613 -613

34 1 & 2 -899 -799 -749 -474 -449 -374 -349 -349

3 -899 -799 -749 -474 -449 -374 -349 -349

4 -1024 -924 -849 -574 -549 -474 -449 -449

5 -1124 -1024 -974 -699 -674 -599 -574 -574

6 -1299 -1199 -1149 -874 -849 -774 -749 -749

44 1-3 -999 -899 -849 -574 -549 -474 -449 -449

4 -1074 -999 -899 -624 -599 -524 -499 -499

5 -1149 -1074 -999 -724 -699 -624 -599 -599

6 -1324 -1224 -1174 -899 -874 -799 -774 -774

54 1-4 -1099 -1024 -974 -649 -649 -574 -574 -574

5 -1199 -1124 -1049 -724 -724 -649 -649 -649

Diff.

-2048 Diff.

-2048 -250

-1323 -250

-973 -225

-748 -200

0 -175

0 -175

0 -150

-225 -100

-350 0

0

25

25

25

Points

-90 Diff.

-75

-60 -200

0 -500

0

0 -350

10 -525

10

20 -550

30 -600

Page 9

85.0 - 85.9 Level 1

86.0 & Above Level 2

82.0 - 82.9 Level 1

83.0 - 83.9 Level 2

84.0 - 84.9 Other

79.0 - 79.9 Level 1

80.0 - 80.9 Level 2

Base 81.0 - 81.9 Bark

Uniformity

Unit Extraneous Matter

77.9 & Below Prep

78.0 - 78.9

53 & Above Base 27.0 - 28.9

29.0 - 29.9

30.0 - 30.9

31.0 - 32.9

33.0 & above

37-42 24.0 - 24.9

Base 43-49 25.0 - 25.9

50-52 26.0 - 26.9

30-32 21.0 - 21.9

33-34 22.0 - 22.9

Base 35-36 23.0 - 23.9

24 & Below Range

25-26 19.0 - 19.9

27-29 20.0 - 20.9

April-2018

Staple

Mike Strength

Range (Grams per Tex)

Table 7. West Texas spot cotton differences, monthly average.

Color Leaf26-31 32 33 34 35 36 37 38

11 & 21 1 & 2 -225 -134 66 91 286 336 400 425

3 -300 -184 16 66 211 311 375 400

4 -325 -214 -89 61 186 250 300 300

5 -450 -239 -189 -39 111 250 250 250

6 -625 -450 -375 -175 -150 -100 -100 -100

7 -700 -500 -450 -250 -225 -175 -175 -175

31 1 & 2 -375 -234 -34 16 186 286 375 400

3 -425 -259 -59 16 186 286 350 375

4 -475 -314 -189 0 61 150 175 175

5 -550 -364 -289 -150 -39 100 100 100

6 -725 -550 -425 -250 -250 -225 -225 -225

7 -825 -600 -500 -300 -300 -275 -275 -275

41 1 & 2 -525 -350 -150 0 100 200 225 225

3 -550 -375 -175 0 25 175 200 200

4 -600 -400 -325 75.17 0 100 125 125

5 -625 -425 -350 -175 -75 25 25 25

6 -775 -600 -525 -300 -289 -225 -225 -225

7 -900 -700 -625 -400 -350 -300 -300 -300

51 1 & 2 -650 -450 -375 -75 25 75 75 75

3 -650 -450 -375 -75 25 75 75 75

4 -675 -450 -450 -150 -25 25 25 25

5 -725 -550 -550 -300 -200 -125 -125 -125

6 -875 -650 -650 -425 -350 -275 -275 -275

7 -975 -750 -750 -525 -450 -400 -400 -400

61 1-5 -750 -575 -575 -300 -200 -150 -150 -150

6 -875 -650 -650 -500 -400 -325 -325 -325

7 -975 -800 -775 -575 -475 -425 -425 -425

71 1-6 -950 -775 -725 -575 -475 -450 -450 -450

7 -1025 -800 -775 -600 -550 -525 -525 -525

12 & 22 1 & 2 -425 -225 -75 44 161 286 300 300

3 -475 -275 -100 44 111 236 250 250

4 -500 -325 -275 -125 50 211 225 225

5 -625 -450 -450 -300 -100 -50 -50 -50

6 -775 -575 -575 -400 -325 -275 -275 -275

7 -850 -675 -650 -475 -400 -350 -350 -350

32 1 & 2 -475 -275 -125 -25 36 111 125 125

3 -525 -325 -150 -75 0 111 125 125

4 -600 -400 -325 -150 -25 50 50 50

5 -725 -600 -550 -350 -200 -150 -150 -150

6 -875 -675 -650 -475 -400 -350 -350 -350

7 -975 -775 -700 -575 -475 -425 -425 -425

42 1-3 -625 -425 -375 -175 -100 75 75 75

4 -675 -500 -400 -200 -125 50 50 50

5 -775 -650 -575 -375 -225 -200 -200 -200

6 -975 -700 -675 -500 -425 -375 -375 -375

7 -1050 -850 -775 -625 -500 -450 -450 -450

52 1-4 -850 -625 -600 -475 -350 -300 -300 -300

5 -925 -725 -675 -525 -400 -350 -350 -350

6 -1125 -900 -850 -650 -550 -500 -500 -500

7 -1200 -1000 -950 -750 -650 -600 -600 -600

62 1-5 -975 -800 -775 -625 -525 -475 -475 -4756 -1150 -950 -925 -775 -700 -650 -650 -650

Page 10

April-2018

Staple

WEST TEXAS (Continued)

Color Leaf

26-31 32 33 34 35 36 37 38

13 & 23 1 & 2 -599 -399 -349 -199 -124 -99 -99 -99

3 -649 -424 -374 -224 -149 -124 -124 -124

4 -674 -499 -449 -274 -199 -174 -174 -174

5 -799 -599 -574 -399 -324 -274 -274 -274

6 -899 -674 -649 -474 -399 -349 -349 -349

7 -974 -774 -724 -524 -499 -449 -449 -449

33 1 & 2 -724 -474 -424 -249 -199 -174 -174 -174

3 -724 -474 -424 -249 -199 -174 -174 -174

4 -799 -549 -499 -299 -249 -224 -224 -224

5 -949 -674 -624 -449 -374 -324 -324 -324

6 -999 -749 -749 -499 -474 -424 -424 -424

7 -1074 -849 -799 -624 -574 -524 -524 -524

43 1-3 -774 -574 -524 -324 -274 -224 -224 -224

4 -849 -649 -574 -349 -274 -224 -224 -224

5 -974 -749 -674 -474 -399 -349 -349 -349

6 -1049 -824 -774 -574 -549 -499 -499 -499

7 -1124 -924 -849 -649 -624 -574 -574 -574

53 1-4 -949 -824 -749 -524 -474 -424 -424 -424

5 -1049 -874 -824 -624 -574 -524 -524 -524

6 -1174 -974 -924 -724 -699 -649 -649 -649

7 -1249 -1049 -1024 -849 -824 -774 -774 -774

63 1-5 -1174 -974 -899 -674 -599 -549 -549 -549

6 -1249 -1074 -974 -824 -774 -724 -724 -724

34 1 & 2 -799 -599 -549 -374 -349 -299 -299 -299

3 -799 -599 -549 -374 -349 -299 -299 -299

4 -924 -724 -649 -474 -449 -399 -399 -399

5 -1024 -824 -774 -599 -574 -524 -524 -524

6 -1174 -974 -924 -799 -774 -724 -724 -724

44 1-3 -924 -724 -674 -499 -474 -424 -424 -424

4 -999 -824 -724 -549 -524 -474 -474 -474

5 -1099 -899 -824 -649 -624 -574 -574 -574

6 -1249 -1049 -999 -874 -849 -799 -799 -799

54 1-4 -1024 -849 -799 -624 -599 -549 -549 -549

5 -1124 -924 -849 -749 -724 -674 -674 -674

Diff.

-2048 Diff.

-2048 -250

-1323 -250

-973 -225

-748 -200

0 -175

0 -175

0 -150

-225 -100

-350 0

0

25

25

25

Points

-125 Diff.

-95

-80 -200

0 -500

0

0 -350

0 -525

10

20 -550

30 -600

Page 11

85.0 - 85.9 Level 1

86.0 & Above Level 2

82.0 - 82.9 Level 1

83.0 - 83.9 Level 2

84.0 - 84.9 Other

79.0 - 79.9 Level 1

80.0 - 80.9 Level 2

Base 81.0 - 81.9 Bark

Uniformity

Unit Extraneous Matter

77.9 & Below Prep

78.0 - 78.9

53 & Above Base 27.0 - 28.9

29.0 - 29.9

30.0 - 30.9

31.0 - 32.9

33.0 & above

37-42 24.0 - 24.9

Base 43-49 25.0 - 25.9

50-52 26.0 - 26.9

30-32 21.0 - 21.9

33-34 22.0 - 22.9

Base 35-36 23.0 - 23.9

24 & Below Range

25-26 19.0 - 19.9

27-29 20.0 - 20.9

April-2018

Staple

Mike Strength

Range (Grams per Tex)

Table 8. Desert Southwest spot cotton differences, monthly average.

Color Leaf

33 34 35 36 37 38 Range Diff.

11 & 21 1 & 2 -100 125 550 645 710 745 24 & Below -1350

3 -100 100 475 595 610 645 25-26 -1150

4 -300 50 300 335 370 370 27-29 -1050

5 -375 -175 25 100 185 185 30-32 -650

6 -450 -350 -100 -85 -30 -30 33-34 -450

7 -650 -375 -175 -140 -100 -100 Base 35-36 0

31 1 & 2 -175 75 500 595 630 655 37-42 25

3 -175 50 400 545 555 580 Base 43-49 0

4 -350 25 200 285 320 345 50-52 -300

5 -400 -200 -50 0 70 70 53 & Above -550

6 -475 -375 -135 -120 -40 -40

7 -675 -400 -225 -195 -115 -115

41 1 & 2 -575 0 50 110 120 145

3 -575 0 35 85 120 145

4 -625 78.03 25 35 95 95 Range Diff.

5 -625 -500 -350 -340 -280 -280 21.0 - 21.9 -600

6 -800 -675 -450 -440 -390 -390 22.0 - 22.9 -450

7 -950 -825 -625 -620 -585 -585 23.0 - 23.9 -300

51 1 & 2 -675 -500 -250 -215 -205 -205 24.0 - 24.9 -225

3 -675 -500 -250 -215 -205 -205 25.0 - 25.9 -200

4 -700 -575 -375 -325 -265 -265 26.0 - 26.9 -125

5 -800 -750 -575 -550 -500 -500 Base 27.0 - 28.9 0

6 -950 -850 -650 -650 -600 -600 29.0 - 29.9 0

7 -1150 -1050 -850 -850 -825 -825 30.0 - 30.9 25

12 & 22 1 & 2 -475 50 325 385 445 445 31.0 - 32.9 50

3 -475 50 300 360 420 420 33.0 & above 100

4 -575 0 225 285 370 370

5 -600 -425 -125 -125 -50 -50

6 -750 -625 -325 -325 -250 -250

7 -925 -800 -575 -575 -500 -500

32 1 & 2 -575 -200 150 235 245 245

3 -575 -200 150 235 245 245 Prep Diff.

4 -625 -425 0 85 95 95 Level 1 -50

5 -675 -675 -400 -400 -400 -400 Level 2 -800

6 -875 -800 -525 -525 -525 -525

7 -1025 -975 -775 -775 -775 -775 Other

42 1-3 -625 -450 -150 -100 -100 -100 Level 1 -350

4 -650 -525 -250 -200 -200 -200 Level 2 -800

5 -725 -700 -450 -450 -450 -450

6 -900 -825 -575 -575 -575 -575

7 -1100 -1000 -825 -825 -825 -825

52 1-4 -850 -725 -500 -450 -450 -450

5 -900 -800 -575 -575 -575 -575 Unit Points

6 -1000 -900 -675 -675 -675 -675 77.9 & Below -100

7 -1250 -1150 -975 -950 -950 -950 78.0 - 78.9 -90

43 1-3 -725 -650 -575 -500 -500 -500 79.0 - 79.9 -80

4 -825 -750 -625 -575 -575 -575 80.0 - 80.9 0

5 -925 -825 -650 -625 -625 -625 Base 81.0 - 81.9 0

6 -1025 -925 -900 -900 -900 -900 82.0 - 82.9 0

7 -1125 -1050 -1025 -1025 -1025 -1025 83.0 - 83.9 30

53 1-4 -975 -875 -800 -800 -800 -800 84.0 - 84.9 40

5 -1025 -925 -850 -850 -850 -850 85.0 - 85.9 50

6 -1125 -1025 -950 -950 -950 -950 86.0 & Above 60

7 -1375 -1275 -1275 -1275 -1275 -1275

Page 12

Uniformity

April-2018

Staple Mike

Strength

(Grams per Tex)

Extraneous Matter

Table 9. San Joaquin Valley spot cotton differences, monthly average.

Color Leaf

34 35 36 37 38 Range Diff.

11 & 21 1 & 2 415 1040 1390 1540 1765 27-29 -1600

3 365 990 1340 1465 1665 30-32 -1000

4 75 350 400 500 500 33-34 -500

5 -125 75 130 190 190 Base 35-36 0

6 -400 -200 -150 -100 -100 37-42 25

7 -625 -525 -475 -425 -425 Base 43-49 0

31 1 & 2 315 940 1290 1415 1590 50-52 -500

3 265 890 1240 1365 1540

4 50 300 330 410 410

5 -200 0 55 115 115

6 -500 -325 -275 -225 -225

7 -675 -575 -525 -475 -475

41 1 & 2 100 350 430 440 440

3 50 250 330 340 340

4 78.53 200 280 290 290 Range Diff.

5 -425 -200 -195 -185 -185 24.0 - 24.9 -500

6 -625 -450 -450 -450 -450 25.0 - 25.9 -400

7 -825 -725 -725 -725 -725 26.0 - 26.9 -300

51 1 & 2 -675 -225 -175 -175 -175 Base 27.0 - 28.9 0

3 -700 -250 -200 -200 -200 29.0 - 29.9 0

4 -750 -300 -275 -275 -275 30.0 - 30.9 75

5 -775 -375 -325 -325 -325 31.0 - 32.9 125

6 -900 -800 -800 -800 -800 33.0 & above 250

7 -1050 -1000 -1000 -1000 -1000

12 & 22 1 & 2 125 575 830 965 1140

3 50 500 780 890 1040

4 -75 325 375 440 440

5 -250 -50 0 50 50

6 -525 -400 -350 -300 -300

7 -775 -700 -650 -600 -600

32 1 & 2 0 250 325 375 475

3 -50 200 275 325 425 Prep Diff.

4 -200 25 50 100 100 Level 1 -50

5 -525 -275 -275 -275 -275 Level 2 -800

6 -675 -475 -475 -475 -475

7 -850 -750 -750 -750 -750 Other

42 1-3 -450 -100 -75 -75 -75 Level 1 -350

4 -500 -175 -150 -150 -150 Level 2 -925

5 -675 -350 -300 -300 -300

6 -800 -775 -775 -775 -775

7 -1000 -950 -950 -950 -950

52 1-4 -825 -775 -775 -775 -775

5 -875 -825 -825 -825 -825 Unit Points

6 -1025 -1025 -1025 -1025 -1025 77.9 & Below -60

7 -1225 -1225 -1225 -1225 -1225 78.0 - 78.9 -50

33 1 & 2 -500 -500 -500 -500 -500 79.0 - 79.9 -40

3 -500 -500 -500 -500 -500 80.0 - 80.9 0

4 -600 -600 -600 -600 -600 Base 81.0 - 81.9 0

5 -800 -800 -800 -800 -800 82.0 - 82.9 50

6 -1075 -1075 -1075 -1075 -1075 83.0 - 83.9 80

7 -1225 -1225 -1225 -1225 -1225 84.0 - 84.9 90

43 1-3 -875 -875 -875 -875 -875 85.0 - 85.9 100

4 -925 -925 -925 -925 -925 86.0 & Above 110

5 -1075 -1075 -1075 -1075 -1075

6 -1225 -1225 -1225 -1225 -1225

7 -1425 -1425 -1425 -1425 -1425

Page 13

Uniformity

April-2018

Staple Mike

Strength

(Grams per Tex)

Extraneous Matter

April-2018

Leaf

44 46 48

1 138.00 146.75 149.25

2 137.75 146.50 149.00

3 130.00 137.75 139.25

4

5

6

1 137.75 146.50 149.00

2 137.50 146.25 148.75

3 129.75 137.50 139.00

4 119.75 128.00 129.50

5

6

1 127.50 135.25 136.75

2 125.00 132.75 134.25

3 123.75 131.50 133.00

4 114.75 122.50 124.00

5 98.75 106.00 107.50

6

1 108.50 116.25 118.50

2 108.25 116.00 117.75

3 108.00 115.75 117.00

4 103.00 110.75 112.00

5 91.75 99.50 100.75

6

1

2 87.50 97.50 98.75

3 87.50 97.00 98.75

4 87.50 91.50 92.75

5 87.25 91.25 92.50

6

1

2 79.75 82.75 84.00

3 79.75 82.75 84.00

4 79.75 82.75 84.00

5 79.50 82.50 83.75

6 79.00 82.00 83.25

Page 14

Other

1 -715

2 -1035

1/ Pima spot quotations for color-leaf-staple combinations not quoted will be included as sales of those qualities which are reported.

6 Prep

1 -810

2 -1095

5 37.5 and Above 0

Extraneous Matter

Level Diff.

35.4 and Below -1350

35.5-36.4 -1100

36.5-37.4 -850

35 & Above 0

4 Strength

(Grams per Tex)

Range Diff.

27-29 -1400

3 30-32 -900

33-34 -400

2

Mike

Range Diff.

26 & Below -1900

Table 10. American Pima quotations are for cotton equal to the Official Standards, net weight, in mixed lots, UD Free, FOB

warehouse. 1/

AMERICAN PIMA SPOT QUOTATIONS

Color Staple

1

Table 11. United States spot cotton differences, season averages

Color Leaf26-31 32 33 34 35 36 37 38

11 & 21 1 & 2 -270 -213 -53 160 402 577 636 677

3 -333 -233 -67 132 347 522 570 608

4 -383 -258 -174 45 162 297 338 338

5 -470 -373 -290 -96 40 117 145 145

6 -633 -488 -436 -317 -221 -175 -160 -160

7 -708 -583 -553 -424 -346 -297 -284 -284

31 1 & 2 -363 -235 -89 102 345 531 584 619

3 -400 -245 -98 92 305 488 534 568

4 -475 -290 -223 26 120 232 264 269

5 -538 -400 -313 -146 -19 44 69 69

6 -688 -510 -450 -343 -263 -228 -209 -209

7 -775 -605 -567 -439 -376 -342 -323 -323

41 1 & 2 -488 -320 -238 40 144 245 264 271

3 -513 -330 -246 26 91 195 217 224

4 -563 -360 -329 72.94 54 142 167 171

5 -613 -470 -417 -271 -150 -86 -72 -72

6 -763 -575 -550 -446 -354 -312 -304 -304

7 -875 -685 -688 -586 -496 -477 -472 -472

51 1 & 2 -613 -540 -438 -309 -161 -122 -117 -117

3 -613 -580 -442 -330 -179 -137 -132 -132

4 -650 -600 -471 -380 -246 -209 -197 -197

5 -700 -685 -642 -505 -375 -334 -324 -324

6 -863 -765 -746 -625 -550 -527 -520 -520

7 -963 -850 -871 -764 -682 -663 -659 -659

61 1-5 -725 -720 -655 -480 -425 -403 -403 -403

6 -875 -825 -775 -645 -605 -578 -578 -578

7 -975 -940 -895 -735 -695 -673 -673 -673

71 1-6 -925 -1020 -965 -820 -780 -763 -763 -763

7 -1013 -1060 -1015 -855 -835 -818 -818 -818

12 & 22 1 & 2 -463 -270 -171 63 224 366 401 430

3 -501 -290 -184 45 177 320 358 383

4 -538 -315 -279 -26 106 230 258 262

5 -638 -485 -438 -261 -89 -34 -9 -9

6 -801 -605 -584 -461 -343 -310 -289 -289

7 -901 -690 -696 -593 -504 -470 -452 -452

32 1 & 2 -501 -370 -275 -68 75 145 154 168

3 -538 -385 -288 -86 39 117 125 140

4 -601 -435 -346 -204 -57 -6 3 3

5 -713 -585 -500 -375 -261 -217 -217 -217

6 -876 -675 -663 -543 -443 -417 -417 -417

7 -1001 -780 -771 -668 -589 -570 -570 -570

42 1-3 -601 -530 -450 -297 -150 -99 -99 -99

4 -651 -570 -471 -336 -218 -167 -167 -167

5 -776 -705 -617 -486 -357 -331 -331 -331

6 -988 -795 -763 -633 -561 -538 -538 -538

7 -1088 -890 -854 -772 -697 -681 -681 -681

52 1-4 -813 -710 -638 -572 -497 -477 -477 -477

5 -888 -785 -746 -654 -579 -567 -567 -567

6 -1101 -935 -888 -797 -736 -724 -724 -724

7 -1188 -1020 -1017 -936 -882 -860 -860 -860

62 1-5 -938 -915 -850 -725 -690 -673 -673 -6736 -1138 -1080 -1015 -870 -840 -818 -818 -818

Page 15

August 2017 - July 2018

Staple

Table 11. United States (Continued) August 2017 - July 2018

Color Leaf

26-31 32 33 34 35 36 37 38

13 & 23 1 & 2 -641 -478 -416 -179 -109 -43 -37 -37

3 -678 -503 -441 -204 -134 -68 -62 -62

4 -716 -578 -503 -254 -184 -118 -112 -112

5 -841 -678 -628 -379 -309 -231 -224 -224

6 -953 -753 -691 -454 -397 -318 -312 -312

7 -1041 -853 -791 -542 -509 -431 -424 -424

33 1 & 2 -753 -553 -491 -320 -290 -245 -241 -241

3 -753 -553 -491 -320 -290 -245 -241 -241

4 -828 -628 -553 -386 -356 -312 -308 -308

5 -978 -741 -666 -545 -506 -454 -450 -450

6 -1041 -816 -778 -686 -673 -620 -616 -616

7 -1128 -928 -853 -819 -798 -745 -741 -741

43 1-3 -803 -796 -676 -555 -517 -480 -478 -478

4 -878 -841 -726 -601 -549 -516 -514 -514

5 -1003 -896 -826 -740 -688 -662 -661 -661

6 -1091 -976 -914 -840 -821 -798 -796 -796

7 -1178 -1101 -1022 -965 -946 -923 -921 -921

53 1-4 -953 -941 -868 -726 -686 -664 -662 -662

5 -1053 -1021 -968 -818 -786 -764 -762 -762

6 -1166 -1136 -1055 -909 -882 -860 -858 -858

7 -1253 -1201 -1193 -1038 -1020 -998 -996 -996

63 1-5 -1166 -1116 -1051 -891 -849 -822 -820 -820

6 -1253 -1206 -1131 -966 -939 -912 -910 -910

34 1 & 2 -828 -678 -628 -390 -372 -317 -311 -311

3 -828 -678 -628 -390 -372 -317 -311 -311

4 -953 -803 -728 -490 -472 -417 -411 -411

5 -1053 -903 -853 -615 -597 -542 -536 -536

6 -1216 -1066 -1016 -803 -784 -730 -724 -724

44 1-3 -941 -791 -741 -503 -484 -430 -424 -424

4 -1016 -891 -791 -553 -534 -480 -474 -474

5 -1103 -966 -891 -653 -634 -580 -574 -574

6 -1266 -1116 -1066 -853 -834 -780 -774 -774

54 1-4 -1041 -916 -866 -616 -603 -549 -549 -549

5 -1141 -1003 -928 -716 -703 -649 -649 -649

Diff.

-1343 Diff.

-1096 -250

-899 -250

-545 -342

-321 -279

0 -225

14 -239

0 -200

-271 -100

-402 0

0

32

54

79

Points

-94 Diff.

-81

-70 -157

-4 -714

0

7 -421

29 -756

37

47 -350

57 -525

Page 16

86.0 & Above Level 2

83.0 - 83.9 Level 2

84.0 - 84.9 Other

85.0 - 85.9 Level 1

80.0 - 80.9 Level 2

Base 81.0 - 81.9 Bark

82.0 - 82.9 Level 1

77.9 & Below Prep

78.0 - 78.9

79.0 - 79.9 Level 1

29.0 - 29.9

30.0 - 30.9

31.0 - 32.9

33.0 & above

Uniformity

Unit Extraneous Matter

Base 43-49 25.0 - 25.9

50-52 26.0 - 26.9

53 & Above Base 27.0 - 28.9

33-34 22.0 - 22.9

Base 35-36 23.0 - 23.9

37-42 24.0 - 24.9

25-26 19.0 - 19.9

27-29 20.0 - 20.9

30-32 21.0 - 21.9

Staple

Mike Strength

Range (Grams per Tex)

24 & Below Range

Table 12. Spot transactions reported, in running bales, in the designated spot markets. August 2017 - April 2018

Month Southeast North South East Texas West Desert SJ All

Delta Delta Oklahoma Texas Southwest Valley Markets

Aug-17

UP 789 8 2 14,044 1,816 - - 16,659

AP - -

Sep-17

UP 85 112 - 19,769 356 - - 20,322

AP

Oct-17

UP 4,143 4,949 835 32,891 13,880 - 584 57,282

AP - -

Nov-17

UP 5,329 10,345 9,174 121,408 193,651 579 176 340,662

AP 597 597

Dec-17

UP 8,287 3,733 2,457 147,792 263,025 2,505 - 427,799

AP 2,030 2,030

Jan-18

UP 8,492 15,695 356 132,931 260,298 9,046 - 426,818

AP 694 694

Feb-18

UP 9,371 1,149 - 110,503 114,152 20,222 - 255,397

AP 353 353

Mar-18

UP 990 3,739 - 79,713 61,545 6,691 - 152,678

AP - -

Apr-18

UP - 7,209 - 119,570 28,993 1 - 155,773

AP 1,000 1,000

May-18

UP

AP

Jun-18

UP

AP

Jul-18

UP

AP

Total

UP 37,486 46,939 12,824 778,621 937,716 39,044 760 1,853,390

AP 4,674 4,674

ALL 37,486 46,939 12,824 778,621 937,716 39,044 5,434 1,858,064

Page 17

BALES REPORTED

Year

beginning AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AVERAGE

August 1

2004 48.60 50.60 50.60 43.20 39.30 38.50 38.30 40.30 41.40 39.60 41.90 41.10 41.60

2005 42.10 44.10 48.50 48.50 48.00 48.60 48.90 50.00 48.50 46.40 47.40 46.80 47.70

2006 44.20 47.30 45.90 47.40 49.00 49.40 47.40 46.40 46.30 44.00 45.40 45.20 46.50

2007 51.00 52.00 55.50 57.40 59.60 61.50 63.00 63.00 65.50 64.60 64.00 66.20 59.30

2008 58.50 61.10 58.80 54.80 53.30 46.00 41.20 40.40 44.70 44.90 46.40 43.60 47.80

2009 49.50 53.20 58.50 59.50 63.40 60.80 65.00 65.00 66.70 66.60 68.50 68.50 62.90

2010 75.60 74.80 77.30 81.50 81.20 82.10 92.90 84.40 86.70 83.20 83.30 82.50 81.50

2011 94.00 93.50 92.20 92.60 88.90 90.10 92.30 90.00 90.40 84.40 77.10 76.60 88.30

2012 71.40 70.90 69.80 69.20 71.80 72.90 76.90 77.50 78.40 78.30 79.30 80.90 72.50

2013 76.90 74.80 77.80 75.90 77.20 77.50 80.20 81.70 82.70 81.70 83.90 84.70 77.90

2014 69.50 68.90 64.50 62.70 60.80 59.10 57.80 61.30 62.60 65.90 66.80 69.30 61.30

2015 59.90 60.30 57.90 60.00 61.30 60.30 59.80 58.20 58.70 63.20 67.00 74.50 61.20

2016 67.30 67.00 66.00 67.20 67.90 67.00 68.80 69.20 69.30 69.90 70.40 73.00 68.00

2017 64.70 63.80 66.80 67.10 68.40 68.70 67.70 67.70

2004 44.92 47.48 44.55 42.62 41.68 43.21 42.90 48.19 49.58 48.57 45.92 47.78 45.61

2005 45.38 47.43 51.02 48.80 49.53 51.91 52.39 50.04 49.00 47.00 47.90 47.15 48.96

2006 48.65 46.80 45.15 46.32 49.85 49.90 48.77 49.21 46.97 44.62 50.35 57.50 48.67

2007 53.46 57.08 59.06 59.59 59.44 63.34 65.92 69.27 63.91 60.67 63.34 62.85 61.49

2008 60.93 56.72 46.90 39.83 42.07 44.87 41.81 38.53 45.11 52.92 50.80 53.98 47.87

2009 53.77 55.78 59.19 64.90 68.11 65.93 68.08 74.54 75.46 74.70 75.19 76.16 67.65

2010 81.16 91.53 108.26 126.62 135.46 144.79 177.65 195.79 181.98 151.93 144.77 113.03 137.75

2011 102.89 102.06 97.63 93.59 85.99 89.83 85.17 83.14 83.37 72.51 67.35 66.14 85.81

2012 69.97 69.38 68.03 67.34 70.61 73.33 76.87 82.80 80.94 79.84 82.18 81.62 75.24

2013 83.36 81.25 77.37 74.43 78.75 81.43 83.21 86.70 85.48 83.20 78.54 69.63 80.28

2014 64.99 64.83 63.51 59.64 59.38 58.19 61.74 60.65 63.08 63.06 62.86 62.36 62.02

2015 61.85 59.70 60.83 60.99 62.32 60.69 58.06 55.96 59.65 60.36 62.78 69.25 61.04

2016 68.57 67.65 68.04 69.42 69.69 71.81 73.02 74.33 74.13 75.75 69.85 66.24 70.71

2017 67.71 69.12 66.67 68.09 73.13 77.58 75.24 79.57 79.34

2004 47.63 49.96 47.09 45.26 44.33 45.92 45.76 51.05 52.41 53.76 49.02 48.88 48.40

2005 48.38 50.43 53.52 51.10 51.74 53.98 54.47 52.29 51.32 49.27 50.11 49.40 51.33

2006 50.90 49.05 47.34 48.45 52.03 52.08 50.95 51.39 49.15 46.75 52.44 59.48 50.83

2007 55.42 59.04 61.02 61.56 61.44 65.34 67.95 71.29 65.86 62.60 65.27 64.78 63.46

2008 62.86 58.65 48.83 41.76 44.02 46.83 43.74 40.47 47.07 54.88 52.82 56.02 49.83

2009 55.81 57.84 61.33 67.09 70.36 68.21 70.37 76.83 77.75 76.99 77.41 78.30 69.86

2010 85.30 93.67 110.40 128.76 137.55 146.84 179.72 197.86 184.05 154.00 146.84 115.10 140.01

2011 104.77 103.85 99.37 95.4 87.80 91.64 86.98 85.00 85.25 74.39 69.23 68.02 87.64

2012 71.85 71.26 69.91 69.22 72.49 74.96 78.33 84.25 82.35 81.25 83.59 83.03 76.87

2013 84.77 82.66 78.78 75.86 80.16 82.81 84.59 88.08 86.86 84.58 79.92 71.03 81.68

2014 66.51 66.30 64.92 60.98 60.68 59.46 63.01 61.92 64.35 64.33 64.13 63.63 63.35

2015 63.12 60.97 62.10 62.29 63.66 62.06 59.44 57.32 60.99 61.70 64.03 70.45 62.34

2016 69.77 68.85 69.24 70.68 70.86 72.06 73.98 75.17 74.99 76.63 70.73 67.12 71.67

2017 68.59 70.00 67.55 68.97 74.08 78.53 76.19 80.52 80.28

1/ Marketing year average is monthly prices weighted by monthly marketings during the period August through the following July, with no allowance for un-

redeemed loans, as reported by the National Agricultural Statistics Service, USDA.

Page 18

Table 13. Farm prices, average quotations in designated spot markets

United States, marketing years 2004-2017

Average prices received by farmers for Upland cotton 1/

Color 41, leaf 4, staple 34, mike 35-36 & 43-49, strength 27.0 to 28.9, uniformity 81.0 to 81.9 cotton in the designated markets

Color 31, leaf 3, staple 34, mike 35-36 & 43-49, strength 27.0 to 28.9, uniformity 81.0 to 81.9 cotton in the designated markets

Table 14. United States spot cotton differences, WEIGHTED monthly average. August 2017 - July 2018

Weighted averages based on the 2017-crop year's classing by spot market

Color Leaf

26-31 32 33 34 35 36 37 38

11 & 21 1 & 2 -258 -202 -27 117 264 404 452 463

3 -326 -224 -49 94 209 352 395 407

4 -366 -246 -139 45 124 268 302 302

5 -468 -350 -255 -79 47 133 142 142

6 -636 -486 -415 -278 -227 -181 -179 -179

7 -711 -577 -516 -380 -325 -277 -276 -276

31 1 & 2 -368 -232 -65 64 207 365 409 422

3 -410 -243 -76 63 185 331 370 382

4 -475 -283 -189 22 79 201 226 230

5 -543 -388 -285 -132 -14 58 67 67

6 -703 -516 -429 -298 -269 -236 -234 -234

7 -795 -607 -531 -392 -358 -328 -326 -326

41 1 & 2 -503 -319 -167 31 123 229 250 257

3 -528 -331 -178 24 72 191 212 219

4 -578 -355 -279 73.63 38 136 158 165

5 -618 -459 -373 -201 -99 -18 -13 -13

6 -768 -580 -505 -372 -318 -268 -267 -267

7 -885 -686 -633 -494 -430 -400 -399 -399

51 1 & 2 -628 -515 -382 -185 -113 -75 -72 -72

3 -628 -552 -389 -212 -133 -89 -85 -85

4 -660 -569 -423 -260 -191 -154 -149 -149

5 -710 -659 -596 -403 -326 -281 -277 -277

6 -868 -739 -684 -519 -471 -433 -432 -432

7 -968 -829 -796 -645 -584 -554 -554 -554

61 1-5 -735 -701 -647 -468 -409 -385 -385 -385

6 -875 -811 -766 -644 -595 -563 -563 -563

7 -975 -934 -881 -729 -680 -656 -656 -656

71 1-6 -935 -983 -926 -794 -749 -733 -733 -733

7 -1018 -1018 -973 -824 -803 -787 -787 -787

12 & 22 1 & 2 -448 -263 -112 53 149 283 293 302

3 -491 -285 -126 45 106 237 254 262

4 -523 -311 -226 -37 53 204 214 221

5 -633 -470 -407 -244 -80 -23 -14 -14

6 -791 -592 -543 -420 -336 -299 -295 -295

7 -880 -682 -643 -522 -454 -417 -415 -415

32 1 & 2 -491 -347 -203 -49 30 97 98 99

3 -533 -369 -220 -72 -5 73 75 76

4 -601 -431 -292 -164 -74 -16 -15 -15

5 -718 -580 -470 -311 -236 -183 -183 -183

6 -876 -665 -609 -476 -421 -384 -384 -384

7 -991 -768 -704 -585 -525 -495 -495 -495

42 1-3 -611 -524 -415 -231 -154 -82 -82 -82

4 -661 -572 -433 -264 -211 -139 -139 -139

5 -776 -705 -603 -413 -328 -302 -302 -302

6 -983 -782 -734 -568 -519 -486 -486 -486

7 -1073 -888 -807 -695 -625 -598 -598 -598

52 1-4 -829 -711 -617 -508 -437 -416 -416 -416

5 -904 -784 -731 -592 -528 -508 -508 -508

6 -1111 -928 -871 -740 -687 -667 -667 -667

7 -1193 -1024 -978 -847 -796 -769 -769 -769

62 1-5 -954 -899 -840 -721 -679 -659 -659 -659

6 -1143 -1063 -1004 -871 -837 -814 -814 -814

Page 19

Staple

Table 14. United States spot cotton differences, WEIGHTED monthly average. August 2017 - July 2018

Weighted averages based on the 2017-crop year's classing by spot market

Color Leaf

26-31 32 33 34 35 36 37 38

13 & 23 1 & 2 -615 -438 -380 -179 -107 -58 -54 -54

3 -658 -463 -405 -204 -132 -83 -79 -79

4 -690 -538 -473 -254 -182 -133 -129 -129

5 -815 -638 -598 -379 -307 -240 -236 -236

6 -923 -713 -665 -454 -389 -322 -319 -319

7 -1005 -813 -755 -526 -497 -430 -426 -426

33 1 & 2 -733 -513 -455 -152 -131 -108 -107 -107

3 -733 -513 -455 -152 -131 -108 -107 -107

4 -808 -588 -523 -184 -163 -140 -139 -139

5 -958 -705 -640 -268 -239 -208 -207 -207

6 -1015 -780 -758 -324 -314 -284 -282 -282

7 -1098 -888 -823 -395 -377 -347 -345 -345

43 1-3 -783 -767 -664 -492 -450 -411 -410 -410

4 -858 -814 -708 -528 -470 -432 -431 -431

5 -983 -873 -795 -651 -605 -575 -573 -573

6 -1065 -948 -875 -734 -711 -681 -680 -680

7 -1148 -1068 -973 -834 -810 -781 -779 -779

53 1-4 -943 -924 -836 -688 -649 -622 -621 -621

5 -1043 -1005 -947 -790 -764 -738 -736 -736

6 -1161 -1105 -1027 -873 -855 -829 -827 -827

7 -1243 -1177 -1141 -984 -965 -939 -937 -937

63 1-5 -1161 -1088 -1023 -860 -817 -790 -789 -789

6 -1243 -1185 -1109 -956 -928 -901 -899 -899

34 1 & 2 -808 -638 -588 -375 -354 -302 -298 -298

3 -808 -638 -588 -375 -354 -302 -298 -298

4 -933 -763 -688 -475 -454 -402 -398 -398

5 -1033 -863 -813 -600 -579 -527 -523 -523

6 -1190 -1020 -970 -793 -772 -719 -716 -716

44 1-3 -926 -755 -705 -493 -472 -419 -416 -416

4 -1001 -855 -755 -543 -522 -469 -466 -466

5 -1093 -930 -855 -643 -622 -569 -566 -566

6 -1251 -1080 -1030 -853 -832 -779 -776 -776

54 1-4 -1026 -880 -830 -611 -593 -541 -541 -541

5 -1126 -963 -888 -721 -703 -651 -651 -651

Diff.

-1407 Diff.

-1103 -250

-754 -250

-477 -306

-305 -257

0 -218

7 -199

0 -167

-223 -63

-372 0

0

25

40

42

Points

-104 Diff.

-88

-76 -195

-7 -669

0 Other (ET-OK and WT Bark not included)

0 -457

16 -710

25

35 -350

45 -525

Page 20

84.0 - 84.9 Bark

85.0 - 85.9 Level 1

86.0 & Above Level 2

80.0 - 80.9 Level 2

Base 81.0 - 81.9

82.0 - 82.9 Level 1

83.0 - 83.9 Level 2

77.9 & Below Level

78.0 - 78.9 Prep

79.0 - 79.9 Level 1

29.0 - 29.9

30.0 - 30.9

31.0 - 32.9

33.0 & above

Uniformity

Unit Extraneous Matter

Base 43-49 25.0 - 25.9

50-52 26.0 - 26.9

53 & Above Base 27.0 - 28.9

33-34 22.0 - 22.9

Base 35-36 23.0 - 23.9

37-42 24.0 - 24.9

25-26 19.0 - 19.9

27-29 20.0 - 20.9

30-32 21.0 - 21.9

Staple

Mike Strength

Range (Grams per Tex)

24 & Below Range