MP_CN001 MEMPHIS, TN 9/19/2008 USDA Cotton Program, MNB MARKET 41-4/3431-3/35 BALES FUTURES TODAY Oct-08 59.80 SOUTHEAST 58.52 59.52 0 Dec-08 62.52 NORTH DELTA 57.27 58.52 0 Mar-09 67.01 SOUTH DELTA 57.27 58.52 0 May-09 68.89 EAST TX-OK 58.25 60.25 0 Jul-09 70.81 WEST TEXAS 57.25 60.25 1320 Oct-09 73.56 DESERT SW 53.52 59.02 0 Dec-09 74.99 SJ VALLEY 55.02 63.77 0 Mar-10 77.99 May-10 79.24 AVERAGE 56.73 59.98 1320 Jul-10 79.99 COTTON QUOTATIONS FOR SELECTED QUALITIES MIKE STRENGTH 24 & Belo -875 18.5-19.4 -175 EAST TX-OK 41-4 51-5 42-4 52-5 25-26 -825 19.5-20.4 -175 STAPLE 30 -375 -550 -400 -625 27-29 -575 20.5-21.4 -150 STAPLE 31 -250 -475 -400 -600 30-32 -300 21.5-22.4 -125 STAPLE 32 -225 -375 -300 -500 33-34 -150 22.5-23.4 -100 STAPLE 33 -75 -250 -225 -400 Base 35-3 0 23.5-24.4 -100 STAPLE 34 0 -200 -50 -350 37-42 15 24.5-25.4 -100 Base 43-4 0 25.5-26.4 -50 Prep 1 -150 50-52 -240 Base 26.5-2 0 2 -400 53 & Abov -375 28.5-29.4 0 Bark 1 -225 29.5-30.4 25 1 2 -450 30.5-32.4 50 Other 1 -375 32.5&Above 50 2 -525 18.5-19.4 -175 24 & Belo -875 19.5-20.4 -175 WEST TEXAS 41-4 51-5 42-4 52-5 25-26 -825 20.5-21.4 -150 STAPLE 30 -425 -575 -475 -700 27-29 -550 21.5-22.4 -125 STAPLE 31 -325 -500 -475 -675 30-32 -325 22.5-23.4 -100 STAPLE 32 -300 -400 -375 -575 33-34 -175 23.5-24.4 -100 Base 35-3 0 24.5-25.4 -100 Prep 1 -150 37-42 15 25.5-26.4 -50 2 -400 Base 43-4 0 Base 26.5-2 0 Bark 1 -225 50-52 -240 28.5-29.4 0 1 2 -450 53 & Abov -375 29.5-30.4 25 Other 1 -375 30.5-32.4 25 2 -500 32.5&Above 25 Sep 19 - Sep AWP 55.79 CC ADJ. 0.00 LDP 0.00 Cotton Program, Market News Branch 3275 Appling Rd Memphis, TN 38133 (901) 384-3016 http://www.ams.usda.gov/cnmnreports