Daily Spot Quotations, Pg 1 (front page)
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MP_CN002    Memphis, TN Cotton and Tobacco Progr  21-Jan-21
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     -100    Mar-21      81.57    83.82        525        91,854
North Delta   -200    Mar-21      80.57    82.82      2,051        20,192
South Delta   -200    Mar-21      80.57    82.82        495        11,456
East TX-OK    -450    Mar-21      78.07    80.82      5,672       324,911
West Texas    -450    Mar-21      78.07    81.57      5,902       601,884
Desert SW     -700    Mar-21      75.57    79.82      1,500        54,370
SJ Valley     -650    Mar-21      76.07    84.97          0             0
                                                Upland total
Average       -393    Mar-21      78.64    82.38     16,145     1,104,667
Previous      -414    Mar-21      77.45    81.18


            AMERICAN PIMA SPOT PRICE QUOTATIONS

                      Grade 2  Grade 3  Grade 3    SPOT TRANSACTIONS
                     Staple 46Staple 44Staple 46
                                                       AP total
American Pima           114.00    94.50   102.25          0           585




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            1/21/2021         78.64
Mar-21          82.57    81.59     0.98                Season low
May-21          83.50    82.50     1.00           8/12/2020         57.20
Jul-21          84.30    83.28     1.02
Oct-21          80.64    79.53     1.11         EFFECTIVE  Jan 15 - Jan 21
Dec-21          79.04    77.95     1.09                AWP          66.23
Mar-22          79.27    78.22     1.05            CC ADJ.           0.00
May-22          79.04    77.95     1.09         FC ADJ. - 2          1.00
Jul-22          78.35    77.32     1.03         FC ADJ. - 2          0.95
Oct-22          74.70    74.32     0.38                LDP           0.00
Dec-22          72.45    72.32     0.13
                                                EFFECTIVE  Jan 15 - Jan 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       -98      -98     -148     -300       -515
     3           -123     -123     -163     -310       -520
     4           -230     -230     -280     -390       -550
     5           -350     -350     -395     -530       -710
 STAPLE 34
 LEAF 1 & 2       148      148       82       40       -275
     3            117      117       72       34       -295
     4             55       55       40        0       -350
     5           -128     -128     -165     -305       -523
 STAPLE 35
 LEAF 1 & 2       411      411      340      145       -175
     3            351      351      300       97       -190
     4            185      185      145       40       -270
     5             28       28      -33     -200       -445
 Staple 36
 Leaf 1 & 2       612      612      554      250       -138
     3            557      557      524      197       -148
     4            347      347      287      132       -225
     5            113      113       38     -118       -405
 Staple 37
 Leaf 1 & 2       685      685      621      262       -131
     3            615      615      571      212       -141
     4            394      394      339      154       -208
     5            160      160       82      -96       -385

               COLOR    COLOR    COLOR
                   12       22       32
 STAPLE 33
 LEAF 1 & 2      -265     -265     -380
     3           -280     -280     -395
     4
     5
 STAPLE 34
 LEAF 1 & 2        45       45     -120
     3             40       40     -140
     4
     5
 STAPLE 35
 LEAF 1 & 2       190      190       10
     3            150      150      -15
     4
     5
 Staple 36
 Leaf 1 & 2       325      325       62
     3            280      280       37
     4
     5
 Staple 37
 Leaf 1 & 2       387      387       94
     3            322      322       64
     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