MP_CN001 MEMPHIS, TN 12/2/2008 USDA Cotton Program, MNB MARKET 41-4/3431-3/35 BALES FUTURES TODAY Dec-08 45.06 SOUTHEAST 43.33 44.33 0 Mar-09 46.33 NORTH DELTA 42.58 43.83 184 May-09 46.37 SOUTH DELTA 42.58 43.83 0 Jul-09 47.05 EAST TX-OK 43.00 45.00 852 Oct-09 49.44 WEST TEXAS 43.00 46.00 5384 Dec-09 50.85 DESERT SW 42.33 49.83 0 Mar-10 53.80 SJ VALLEY 44.58 55.33 0 May-10 54.90 Jul-10 56.40 AVERAGE 43.06 46.88 6420 Oct-10 57.40 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 Nov 28 - Dec AWP 35.95 CC ADJ. 0.00 LDP 16.05 Cotton Program, Market News Branch 3275 Appling Rd Memphis, TN 38133 (901) 384-3016 http://www.ams.usda.gov/cnmnreports