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Vol. 101 No. 45
June 12, 2020
Inside this Issue
Market Overview
Price Support
Spot Quotation
ICE Futures
A Index
Southeastern
Textile Mill Report
South Central
Southwestern
Western
Supply & Demand
Pima Quotations
Cotton and Tobacco Program Cotton Market News Division 3275 Appling Road Memphis, TN 38133 901.384.3016
Average spot quotations were 97 points higher than the previous week, according to the USDA, Agricultural Marketing Service’s Cotton and Tobacco Program. Quotations for
the base quality of cotton (color 41, leaf 4, staple 34, mike 35-36 and 43-49, strength 27.0-28.9, and uniformity 81.0-81.9) in the seven designated markets averaged 56.19 cents per pound for the week ending Thursday, June 11, 2020. The weekly average was
up from 55.22 last week, but down from 61.05 cents reported the corresponding period a year ago. Daily average quotations ranged from a high of 57.25 cents Friday, June 5 to a low of 55.48 cents Thursday, June 11. Spot transactions reported in the Daily Spot
Cotton Quotations for the week ended June 11 totaled 9,065 bales. This compares to 24,003 reported last week and 5,766 spot transactions reported the corresponding week a year ago. Total spot transactions for the season were 1,535,151 bales compared to
1,209,780 bales the corresponding week a year ago. The ICE July settlement price ended the week at 60.02 cents, compared to 60.00 cents last week.
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Source: USDA, AMS, Cotton and Tobacco Program, 1/ Cotlook
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2
Spot cotton trading was inactive. Supplies and producer offerings were light. Demand was light. Average local spot prices were higher. Trading of CCC-loan equities was inactive. No forward contracting was reported. The COVID-19 Pandemic continues to negatively affect cotton demand and disrupt supply chains worldwide. Sunny to mostly cloudy conditions prevailed over the lower Southeastern region during the period. Daytime high temperatures were in the upper 80s throughout the week. Thunderstorms brought varying amounts of moisture to portions of south Alabama, south Georgia, and the Florida Panhandle during the period. Weekly accumulated rainfall totals measured from one-half of an inch to about two inches of beneficial moisture. The crop progressed well as fields developed normally; local experts reported that squaring was observable in most early-planted fields. In central Georgia, producers continued to apply plant growth regulators as squaring steadily expanded. Insect pressure was building across the region. In addition to thrips and spider mites, snails, slugs, and armyworms were present at treatable levels in some fields. In Alabama, producers continued to battle grasshoppers and cutworms as populations exceeded threshold levels. Industry members across the region reported that alternate crops were planted as the window for sowing cotton closed. According to the National Agricultural Statistics Service’s (NASS) Crop Progress report released June 8, squaring had reached 5 percent in Alabama and 18 percent completed in Georgia. Mostly sunny to partly cloudy conditions prevailed during the week across the upper Southeastern region. Daytime high temperatures were steady in the upper 80s. Only trace amounts of precipitation was reported from the Pee Dee region and along eastern North Carolina. Planting in some areas of the Carolinas and Virginia advanced, but lagged about one week behind
schedule; some producers were forced to switch to alternate crops. Local experts reported that squaring was observable in early-planted fields, and the developing stands responded well to the warm, sunny weather. Fields continued to be treated for thrips. Local experts reported that alternate cash crops or prevented planting cover crops could account for most of the expected reduction in cotton acreage in the upper Southeastern region. According to the NASS Crop Progress report released June 8, cotton planting averaged 83 percent completed in South Carolina, 87 in Virginia, and 85 percent completed in North Carolina, with all states being behind the five-year average. Producers and crop advisors throughout the Southeast region were coming to grips with the so-called “dicamba disruption”, the result of a federal court decision to void registrations on three key dicamba formulations used in cotton.
Textile Mill
Inquiries from domestic mill buyers were light. No sales were reported. The undertone from mill buyers remained very cautious due to closures or reduced schedules associated with the COVID-19 virus. Most mills continue to operate at minimal capacity; but cotton deliveries scheduled at some locales the third and fourth week of June signaled a slight uptick in yarn production. Mills continued to produce personal protective equipment for frontline workers and military supplies in response to the COVID-19 Pandemic. Demand through export channels was very light. No inquiries were reported. Any interest throughout the Far East focused on cotton offered for discounted prices. The undertone from domestic cotton shippers remained cautious as they focused on maintaining export commitments already sold. Some small cancellations were reported for Bangladesh, Malaysia, and South Korea.
Trading
No trading activity was reported.
Southeastern Markets Regional Summary Danny Pino Macon, GA [email protected]
3
North Delta Spot cotton trading was inactive. Supplies of available cotton and demand were light. Average local spot prices were higher. Trading of CCC-loan equities was inactive. No forward contracting was reported. The COVID-19 Pandemic continues to negatively impact the globalized economy. Tropical Storm Cristobal moved through the region during the week. High winds downed trees, caused structural damage to buildings, and brought down power lines in many areas. Heavy rainfall resulted in flash flooding in low-lying places. Up to 3 inches of precipitation were reported in the hardest hit areas. Daytime temperatures were mostly in the upper 80s. Overnight lows were in the 60s and 70s. Many stands were treated for thrips in Tennessee. Cotton extension specialists cautioned producers to closely scout fields for flare-ups of spider mites as the weather turns hotter. According to the National Agricultural Statistics Service’s (NASS) Crop Progress report released on June 8, cotton planting was at 96 percent completed in Arkansas and Missouri, and 86 percent in Tennessee. NASS reported that squaring had reached 1 percent in Arkansas and 5 percent in Tennessee. Producers and crop consultants were considering the effect that the so-called “dicamba disruption” will have on their on-going struggle to control weeds a result of a federal court decision to void registrations on three key herbicide formulations, which are tied to certain cotton varieties. Wet conditions have limited fieldwork, exacerbating the weed problem.
South Delta Spot cotton trading was inactive. Supplies of available cotton and demand were light. Average local spot prices were higher. Trading of CCC-loan equities was inactive. No forward contracting was reported. Commodity prices improved during the week, but the COVID-19 Pandemic continues to disrupt commerce around the world. Tropical Storm Cristobal caused varying amounts of damage as it moved through the region during the week. Strong winds toppled trees, caused structural damage to buildings, and downed power lines in many areas. Heavy rainfall resulted in flash flooding in low-lying areas. Up to 4 inches of precipitation were reported in the hardest hit places. Thunderstorms brought damaging hail to a few isolated areas. Ground and aerial applications of chemicals to control excessive growth were made in Louisiana and Mississippi. Cotton stands were treated for plant bugs, as necessary. Cotton extension specialists cautioned producers to closely scout fields for flare-ups of spider mites as the weather turns hotter. According to the National Agricultural Statistics Service’s (NASS) Crop Progress report released on June 8, cotton planting advanced normally to 98 percent completed in Louisiana and 91 percent planted in Mississippi. NASS reported that squaring had reached 13 percent in Louisiana and 1 percent in Mississippi. Producers and crop advisors were evaluating the so-called “dicamba disruption”, the result of a federal court decision to void registrations on three key dicamba formulations tied to certain cotton varieties.
South Central Markets Regional Summary Jeff Carnahan Memphis, TN [email protected]
Trading
North Delta
No trading activity was reported.
South Delta
No trading activity was reported.
4
South Central Markets Regional Summary Jeff Carnahan Memphis, TN [email protected]
Photos courtesy of: Jeff Carnahan, South Central reporter
5
Southwestern Markets Regional Summary Jane Byers-Angle Lubbock, TX [email protected]
East Texas Spot cotton trading was moderate. Supplies and producer offerings were light. Demand was moderate. Average local spot prices were higher. Producer interest in forward contracting was light. Trading of CCC-loan equities was moderate. Foreign inquiries were light. The COVID-19 Pandemic continued to impact commodity markets. Producers were encouraged with strong crop vigor in the Upper Coast where insect populations were low and weeds had been controlled. Elsewhere in south Texas and in the Rio Grande Valley (RGV), the crop was in bloom, except for a few later planted fields that were squaring. Insecticides and plant growth regulators were applied in the RGV. Stands had begun to square in the Blackland Prairies. Lots of insecticide was applied for fleahoppers and spider mites, according to local reports. Producers continued to apply herbicides to control weed flushes. Lots of fields were replanted in Kansas following the cold front last month. Replanted fields germinated quickly and are up to 2 true leaves. Dryland fields struggled under dry, windy conditions. Rainfall would be beneficial to fortify sub-soil moisture levels. Water was applied to the irrigated stands. According to the
National Agricultural Statistics Service’s Crop Progress report released on June 8, planting was 28 percent completed, compared to 40 percent last season, and 58 percent for the five-year average in Oklahoma.
West Texas
Spot cotton trading was moderate. Supplies were moderate. Producer offerings were light. Demand was light. Average local spot prices were higher. Producer interest in forward contracting was light. Trading of CCC-loan equities was slow. Foreign inquiries were light. The COVID-19 Pandemic continued to impact commodity markets. Planting continued to make progress around Abilene, Lamesa, and San Angelo. Isolated storms brought beneficial moisture to some areas. Most areas missed out on rainfall and the dryland struggled. Severe storms with hail and wind gusts in the 90s damaged stands from Plainview to Post. Irrigation water was applied, but a widespread rain event would help supplement the stands. Thrips increased and some producers applied treatments. Weeds were managed.
Trading
East Texas
In Kansas, a heavy volume of mostly color 42, leaf 3 and better, staple 35 and longer, mike 35-51, strength 27-36, uniformity 78-83, and 50 percent extraneous matter sold for around 48.75 cents per pound, FOB car/truck (compression charges not paid).
In Oklahoma, a heavy volume of mostly color 32 and better, leaf 5, staple 36 and longer, mike 30-46, strength 28-33, uniformity 79-82, and 100 percent extraneous matter sold for around 48.75 cents, same terms as above.
A light volume of 2019 crop CCC-loan equities sold for 0.40 to 5.50 cents.
West Texas
A heavy volume containing mostly color 11 and 21, leaf 3 and better, staple 33, mike 41-48, strength 27-31, and uniformity 77-79 sold for around 53.75 cents per pound, FOB car/truck (compression charges not paid).
A heavy volume of color 41 and better, leaf 4 and better, staple 33 and longer, mike 42-52, strength 26-33, and uniformity 77-81 sold for around 51.50 cents, same terms as above.
A light volume of 2019 CCC-loan equities traded for 1.25 to 2.50 cents.
6
Desert Southwest (DSW) Spot cotton trading was inactive. Supplies were moderate. Demand was light. Average local spot prices were higher. No forward contracting or domestic mill activity was reported. The effects of the COVID-19 Pandemic slowed the marketing chain for cotton. Foreign mill inquiries were light. In Arizona, temperatures were mild in the 90s for most of the period. A ridge of high pressure returned triple-digit temperatures late in the period. The crop made great progress and is in good condition. Cotton at squaring stage was 45 percent compared to the five-year average of 20 percent, as reported by the National Agricultural Statistics Service (NASS) on June 8. Hot, dry conditions were the norm this week for New Mexico and El Paso, TX. Temperatures were in the low to mid-100s early in the period. Strong winds dried topsoil. According to NASS, cotton plantings was 85 percent completed compared to the five-year average of 92 percent. Emergence was reported at 70 percent. The crop made good progress.
San Joaquin Valley (SJV) Spot cotton trading was inactive. Supplies and demand were light. Average local spot prices were higher. No forward contracting or domestic mill activity was reported. The COVID-19 Pandemic continued to impact the U.S. economy. Foreign mill inquiries were light. Interest was best for new-crop Brazilian cotton. June weather continues to bring surprises. Moderate temperatures were in the 80s for most of the week. No rainfall was recorded. Thunderstorms
were reported in the Sierra Nevada Mountain range, with a light dusting of snow in elevations over 8,000 feet. Producers tilled and watered the crop. Cotton at squaring stage was 12 percent near the five-year average as reported by the National Agricultural Statistics Service on June 8. The crop made good progress.
American Pima (AP) Spot cotton trading was inactive. Supplies of 2019-crop cotton were moderate. Demand was light. Average local spot prices were steady. No forward contracting or domestic mill activity was reported. The COVID-19 Pandemic continues to affect demand for cotton. Foreign mill inquiries were light. According to the Foreign Agricultural Service export report for week ending June 4, there were 3,400 bales of new sales and no cancellations. Export sales were at 428,500 bales of 2019-crop AP was committed. Sales for marketing year 2020 were reported at 33,900 bales. Moderate temperatures were reported for Arizona and California as a high pressure system off the coast keep temperatures below the century mark for most of the period. New Mexico and El Paso, TX temperatures were in the low to mid-100s. No rainfall was received in cotton-producing areas. Some San Joaquin Valley fields of California received their first irrigations in the period. Local California industry sources reported that the crop made excellent progress. Overall, the crop made good progress in the Far West.
Western Markets Regional Summary Maria Townsend Visalia, CA [email protected]
Trading
Desert Southwest
No trading activity was reported.
San Joaquin Valley
No trading activity was reported.
American Pima
No trading activity was reported.
7
Western Markets Regional Summary Maria Townsend Visalia, CA [email protected]
Photos courtesy of: Maria Townsend, Western Market reporter
8
Western Markets Regional Summary Maria Townsend Visalia, CA [email protected]
Photos courtesy of: Maria Townsend, Western Market reporter
9
Supply & Demand
The most significant revision to this month’s U.S. cotton supply and demand estimates is a 200,000-bale decrease in 2019/20 mill use, to 2.5 million bales. U.S. mill use in 2020/21 was also revised downward by 100,000 bales, and ending stocks are now projected at 7.3 million bales in 2019/20 and 8.0 million bales in 2020/21. While the 43 percent stocks-use ratio projected for 2020/21 is marginally higher than the year before, and is substantially above recent levels, it would still be below the 55 percent ratio realized in 2007/08.
For complete report click here.
The following information was excerpted from the World Agricultural Supply and Demand Estimates, released on June 11, 2020
10
Loan Quantities 2018 vs 2019
As of May 31, 2020
Source: Farm Service Agency
State
Upland 2018 2019 2018 2019 2018 2019 2018 2019
AL 292,995 489,308 292,913 417,454 82 0 0 71,854
AR 1,042,113 1,418,059 1,022,706 1,156,743 19,407 0 0 261,316
AZ 130,977 227,158 130,977 124,305 0 0 0 102,853
CA 123,612 152,038 123,609 95,705 0 0 3 56,333
FL 32,415 130,791 32,415 105,705 0 0 0 25,086
GA 475,972 1,213,739 475,046 882,523 739 0 187 331,216
KS 253,464 216,393 253,461 176,564 3 0 0 39,829
LA 280,999 464,317 280,625 379,157 374 0 0 85,160
MO 768,627 899,661 765,568 684,842 3,059 0 0 214,819
MS 1,173,457 1,500,738 1,170,942 1,143,345 2,515 0 0 357,393
NC 242,326 490,091 242,326 422,138 0 0 0 67,953
NM 45,405 45,378 44,806 29,387 599 0 0 15,991
OK 293,525 322,109 290,357 233,138 2,491 0 677 88,971
SC 127,328 237,824 127,328 217,372 0 0 0 20,452
TN 687,491 900,690 657,447 601,608 30,044 0 0 299,082
TX 2,255,097 3,027,173 2,241,735 2,593,008 12,052 0 1,310 434,165
VA 24,058 42,124 24,058 36,590 0 0 0 5,534
Total 8,249,861 11,777,591 8,176,319 9,299,584 71,365 0 2,177 2,478,007
PIMA 2018 2019 2018 2019 2018 2019 2018 2019
AZ 19,800 8,399 19,800 794 0 0 0 7,605
CA 365,717 397,479 365,717 142,376 0 0 0 255,103
NM 7,734 6,271 7,734 4,465 0 0 0 1,806
TX 30,966 16,607 30,966 9,505 0 0 0 7,102
Total 424,217 428,756 424,217 157,140 0 0 0 271,616
Bales Put Under Loan Bales Repaid/Liquidated Bales Delivered to CCC Bales Outstanding
11
USDA ANNOUNCES SPECIAL IMPORT QUOTA #8 FOR UPLAND COTTON
June 11, 2020
The Department of Agriculture's Commodity Credit Corporation announced a special import quota for upland cotton that permits importation of a quantity of upland cotton equal to one week’s domestic mill use. The quota will be established on June 19, 2020, allowing importation of 11,005,386 kilograms (50,547 bales of 480-lbs) of upland cotton. Quota number 8 will be established as of June 19, 2020 and will apply to upland cotton purchased not later than September 15, 2020 and entered into the U.S. not later than December 14, 2020. The quota is equivalent to one week's consumption of cotton by domestic mills at the seasonally-adjusted average rate for the period January 2020 through March 2020, the most recent three months for which
data are available. Future quotas, in addition to the quantity announced, will be established if price conditions warrant.
May May May May 29 June 4
8-14 15-21 22-28 June 4 5-11
46.01 47.36 48.01 47.48 48.32
0.00 0.00 0.00 0.00 0.00
5.99 4.64 3.99 4.52 3.68
0.23 0.54 0.43 0.30 0.19
0.08 0.39 0.28 0.15 0.04
1/ Color 41, leaf 4, staple 34, mike 35-36 & 43-49, strength readings of 26.0-28.9 grams per tex, length uniformity of 80.0-81.9 percent.
Source: Farm Service Agency, USDA.
Week Mkt. Year Week
- 4,519,400 -
360,400 10,649,000 294,300
- 15,168,400 -
91,800 - 438,500
16,700 - 38,800
75,100 - 399,600
43,000 3,732,300 193,400
Source: Export Sales Reporting Division, Foreign Agricultural Service, USDA.
NOTE: Data may not add due to rounding.
June 11, 2020
12-18
Fine count adjustment 2019 0.00
.
2018-2019
Mkt. Year
2019-2020
Total export commitments
-
5,115,600
11,609,700
Net sales
Sales next marketing year
Net sales of 399,600 RB for 2019/2020 were down noticeably from the previous week, but up noticeably from the prior 4-week average. Increases for
China (209,500 RB, including 2,200 RB switched from Vietnam and decreases of 28,700 RB), Vietnam (176,200 RB, including 2,000 RB switched
from South Korea), Pakistan (13,200 RB), Turkey (11,100 RB), and Thailand (100 RB, including decreases of 900 RB), were offset by reductions
primarily for Malaysia (5,300 RB), Bangladesh (2,800 RB), and South Korea (2,000 RB). For 2020/2021, net sales of 193,400 RB were primarily for
China (161,700 RB), Vietnam (22,000 RB), Malaysia (5,300 RB), and Bangladesh (3,500 RB). Exports of 294,300 RB were up 24 percent from the
previous week and 18 percent from the prior 4-week average. Exports were primarily to China (86,400 RB), Vietnam (67,400 RB), Turkey (56,500
RB), Pakistan (32,400 RB), and Bangladesh (15,800 RB). Net sales of Pima totaling 3,400 RB were up noticeably from the previous week and up 27
percent from the prior 4-week average. Increases were for China (900 RB), India (500 RB), Pakistan (400 RB), Bangladesh (400 RB), and Turkey (400
RB). For 2020/2021, total net sales of 100 RB were reported for China. Exports of 14,700 RB were up noticeably from the previous week and from the
prior 4-week average. The destinations were primarily to China (8,300 RB), Pakistan (2,400 RB), India (1,300 RB), Bangladesh (900 RB), and Egypt
(700 RB).
Exports for Own Account: For 2019/2020, exports for own account totaling 8,200 RB to Vietnam (6,000 RB) and China (2,200 RB) were applied to
new or outstanding sales. The current exports for own account outstanding balance of 23,500 RB is for China (8,500 RB), Indonesia (8,200 RB),
Vietnam (5,800 RB), and Bangladesh (1,000 RB).
New sales -
Buy-backs and cancellations -
3,027,700
2019-2020
Description
Course count adjustment 0.00
16,725,300
Exports
Outstanding sales
Through June 6, 2019 Through June 4, 2020
Description
Loan Deficiency Payment (LDP) 2.40
World market prices for upland cotton, in cents per pound, in effect from 12:01 a.m., EDT, Friday through midnight, EDT, Thursday
June
Fine count adjustment 2018 0.10
Adjusted world price 1/ 49.60
12
Delivery Points
Stocks as of 6-11-2020
Awaiting Review
Non-Rain
Grown Cotton
Dallas/FT. Worth, TX 4,411 1,578 0
Galveston, TX 172 0 0
Greenville, SC 6,805 0 0
Houston, TX 85 0 0
Memphis, TN 17,097 0 0
Total 28,570 1,578 0
Number of Bales in Certificated Stocks
Source: USDA, AMS and ICE U.S. Futures
31-3 41-4 51-5 42-4 31-3 41-4 51-5 42-4 31-3 41-4 51-5 42-4 21-2 31-3 41-4 51-5
56.77 55.77 51.27 53.52 56.27 54.52 50.02 52.77 56.27 54.52 50.02 52.77 51.52 50.77 46.27 44.27
58.52 57.77 52.27 55.02 58.52 57.27 50.77 53.77 58.52 57.27 51.02 53.77 53.77 53.02 52.77 44.77
60.02 58.77 52.77 55.02 59.52 57.77 51.52 54.52 59.52 57.77 51.52 54.52 58.27 56.77 52.77 46.02
61.02 59.52 53.02 55.27 60.52 59.02 51.77 54.77 60.52 59.02 51.77 55.02 61.72 60.72 53.12 46.27
21-2 31-3 41-4 42-4 21-2 31-3 41-4 42-4 21-2 31-3 41-4 32-3
50.77 50.02 48.52 45.77 51.52 49.52 48.02 45.52
51.27 50.77 50.02 47.02 52.62 51.37 50.27 47.52
53.27 52.77 51.27 48.02 54.12 53.12 50.77 48.77
56.52 55.52 55.02 52.77 56.12 55.62 55.02 51.77 57.42 55.92 53.27 52.77
59.02 57.27 55.77 53.27 58.52 57.52 55.27 52.52 63.67 62.17 55.27 55.27
61.52 59.52 57.52 53.27 60.27 59.52 55.77 53.52 67.17 65.67 56.07 56.02
61.77 60.27 57.77 53.77 60.77 60.27 56.02 54.02 68.67 66.92 56.17 56.52
62.02 60.52 60.52 53.77 61.42 60.92 60.52 54.02 70.92 68.67 56.17 57.52
SOUTH- NORTH SOUTH E. TX WEST DESERT SJ
EAST DELTA DELTA OK TEXAS SW VALLEY AVG.
-1900 -1850 -1350 -1700
-1075 -1000 -1100 -1900 -1850 -1150 -1346
-675 -650 -750 -1225 -1200 -1050 -1600 -1021
-525 -525 -525 -925 -925 -650 -1000 -725
-400 -425 -425 -700 -700 -450 -500 -514
0 0 0 0 0 0 0 0
0 25 25 0 0 25 25 14
0 0 0 0 0 0 0 0
-200 -225 -225 -300 -300 -275 -500 -289
-375 -375 -375 -425 -425 -500 -413
SOUTH- NORTH SOUTH E. TX Grams WEST DESERT SJ SOUTH- NORTH SOUTH E. TX Unit WEST DESERT SJ
EAST DELTA DELTA OK per tex TEXAS SW VALLEY AVG. EAST DELTA DELTA OK TEXAS SW VALLEY AVG.
-400 19.0 - 19.9 -400 -400 -125 -90 -90 -90 77 & below -90 -100 -60 -92
-400 20.0 - 20.9 -400 -400 -110 -80 -80 -75 78 -75 -90 -50 -80
-725 -850 -850 -375 21.0 - 21.9 -375 Diff. -629 -100 -70 -70 -60 79 -60 -80 -40 -69
-675 -800 -800 -375 22.0 - 22.9 -375 -600 -579 -25 0 0 0 80 0 0 0 -4
-650 -750 -750 -350 23.0 - 23.9 -350 -450 -525 0 0 0 0 Base 81 0 0 0 0
-625 -700 -700 -350 24.0 - 24.9 -350 -300 -500 -493 0 0 0 0 82 0 0 50 7
-600 -650 -650 -275 25.0 - 25.9 -275 -225 -400 -436 20 30 30 0 83 0 30 80 27
-300 -200 -200 -275 26.0 - 26.9 -275 -200 -300 -239 30 40 40 0 84 0 40 90 34
0 0 0 0 Base 27.0 - 28.9 0 -125 0 0 40 50 50 0 85 0 50 100 41
0 0 0 0 29.0 - 29.9 0 0 0 0 50 60 60 0 86 & above 0 60 110 49
25 25 25 0 30.0 - 30.9 0 0 75 21
50 50 50 0 31.0 - 32.9 0 0 125 46
50 50 50 25 33.0 & above 25 50 250 75
June 11, 2020
36
34
SOUTH DELTA
37
38
32
33
STRENGTH DIFFERENCES UNIFORMITY DIFFERENCES
Base 43-49
50-52
37-42
25-26
27-29
33-34
MIKE DIFFERENCES - POINTS PER POUND
53 & Above
EAST TEXAS-OKLAHOMA WEST TEXAS
DESERT SOUTHWEST
34
33
Staple
36
Base 35-36
Staple
24 & Below
SAN JOAQUIN VALLEY
35
Mike Ranges
30-32
Spot quotations are in cents per pound for cotton equal to the Official Standards, net weight, in mixed lots, compressed, FOB car/truck.
26-31
35
SOUTHEAST NORTH DELTA
13
Leaf
44 46 48 50
1 104.75 110.50 111.25 111.25
2 104.50 110.25 111.00 111.00
3 96.75 104.50 104.50 104.50
4
5
6
1 104.50 110.25 111.00 111.00
2 104.25 110.00 110.75 110.75
3 96.50 104.25 104.25 104.25
4 86.50 94.75 94.75 94.75
5
6
1 94.25 102.00 102.00 102.00
2 91.75 99.50 99.50 99.50
3 90.50 98.25 98.25 98.25
4 81.50 89.25 89.25 89.25
5 65.50 72.75 72.75 72.75
6
1 75.25 83.00 83.75 83.75
2 75.00 82.75 83.00 83.00
3 74.75 82.50 82.50 82.50
4 69.75 77.50 77.50 77.50
5 58.50 66.25 66.25 66.25
6
1
2 54.25 64.25 64.25 64.25
3 54.25 63.75 64.00 64.00
4 54.25 58.25 58.25 58.25
5 54.00 58.00 58.00 58.00
6
1
2 46.50 49.50 49.50 49.50
3 46.50 49.50 49.50 49.50
4 46.50 49.50 49.50 49.50
5 46.25 49.25 49.25 49.25
6 45.75 48.75 48.75 48.75
30-32 -900
Diff.
(Grams per Tex)
Range Diff.
-1900
27-29
33-34 -400
34.9 & Below
35.0 – 35.9
The current Pima spot quotations
represent prices from local sales,
export sales, and offerings last
reported on December 31, 2019.
Mike
Strength
-1400
26 & Below
35 & Above 0
Range
-1035
-1095Prep - Level 2
-1350
-1100
-850
38.0 – 38.9
39.0 – 39.9
40.0 & Above
0
0
0
36.0 – 36.9
1/ Pima spot quotations for color-leaf-staple combinations not quoted will be included as sales of those qualities which are reported.
5
Prep - Level 1 -810
Extraneous Matter
Other - Level 2
June 11, 2020
6
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
3
4
Other - Level 1
Plastic - Level 2
2
-4000
Type - Level Diff.
37.0 – 37.9
-715
Plastic - Level 1 -4000
0
