Fresno Cotton Exchange
P.O. Box 11486
Fresno, Ca. 93773-1486 (559) 226-6181

San Joaquin Valley Spot Quotes
SJV Sheet #: 383 effective: 12/31/02
USDA Published: 31-Dec-2002

SLM 1-16, #4 leaf base, -350 Mar-2003 New York Cotton Exchange #2 CONTRACT
All quotations are for mixed lots equal to official standards, compressed FOB cars/trucks, charges paid, net weights. Quotations for grades are based on cotton with mike readings of 3.5-3.6 and 4.3-4.9. Strength Readings are 26.5-28.4 Grams per tex and uniformity 81.

 Color  |Leaf|------- STAPLE ---------| |Color  |Leaf|-------- STAPLE --------
        |    |   34    35    36    37 | |       |    |   34    35    36    37 
--------|----|------------------------| |-------|----|------------------------
  11&21 |1&2 |    75   675   940   990| | 32    |1&2 |  -250    50    75    75
        |  3 |    10   610   790   875| |       |  3 |  -300     0    25    25
        |  4 |  -200   125   205   325| |       |  4 |  -450  -150  -150  -150
        |  5 |  -475  -275  -220  -160| |       |  5 |  -875  -625  -625  -625
        |  6 |  -750  -550  -500  -450| |       |  6 | -1025  -825  -825  -825
        |  7 |  -975  -875  -825  -775| |       |  7 | -1200 -1100 -1100 -1100
        |    |                        | |       |    |                        
     31 |1&2 |    25   525   680   765| | 42    |1&2 |  -750  -600  -600  -600
        |  3 |    25   525   630   715| |       |  3 |  -800  -650  -650  -650
        |  4 |  -200    50   100   185| |       |  4 |  -850  -750  -750  -750
        |  5 |  -550  -350  -295  -235| |       |  5 | -1025  -950  -950  -950
        |  6 |  -875  -675  -625  -575| |       |  6 | -1250 -1225 -1225 -1225
        |  7 | -1025  -925  -875  -825| |       |  7 | -1350 -1350 -1350 -1350
        |    |                        | |       |    |                        
     41 |1&2 |  -150   150   180   190| | 52    |1&2 | -1075 -1025 -1025 -1025
        |  3 |  -200   100   130   140| |       |  3 | -1075 -1025 -1025 -1025
        |  4 |  -350   -50   -20   -10| |       |  4 | -1175 -1125 -1125 -1125
        |  5 |  -775  -550  -545  -535| |       |  5 | -1225 -1175 -1175 -1175
        |  6 | -1025  -800  -800  -800| |       |  6 | -1375 -1375 -1375 -1375
        |  7 | -1175 -1075 -1075 -1075| |       |  7 | -1575 -1575 -1575 -1575
        |    |                        | |       |    |                        
     51 |1&2 |  -925  -725  -725  -725| | 33    |1&2 |  -850  -850  -850  -850
        |  3 |  -950  -750  -750  -750| |       |  3 |  -850  -850  -850  -850
        |  4 | -1000  -800  -800  -800| |       |  4 |  -950  -950  -950  -950
        |  5 | -1100  -950  -950  -950| |       |  5 | -1150 -1150 -1150 -1150
        |  6 | -1250 -1150 -1150 -1150| |       |  6 | -1425 -1425 -1425 -1425
        |  7 | -1400 -1300 -1300 -1300| |       |  7 | -1575 -1575 -1575 -1575
        |    |                        | |       |    |                        
  12&22 |1&2 |  -125   275   355   415| | 43    |1&2 | -1225 -1225 -1225 -1225
        |  3 |  -200   200   280   340| |       |  3 | -1225 -1225 -1225 -1225
        |  4 |  -325   -25    30    90| |       |  4 | -1275 -1275 -1275 -1275
        |  5 |  -600  -400  -350  -300| |       |  5 | -1425 -1425 -1425 -1425
        |  6 |  -850  -750  -700  -650| |       |  6 | -1575 -1575 -1575 -1575
        |  7 | -1125 -1050 -1000  -950| |       |  7 | -1775 -1775 -1775 -1775

---- Mike ----
Range	Diff.
27-29	-1250
30-32	-550
33-34	-300
35-36	0
37-42	50
43-49	0
50-52	-450

-Strength (grams per tex)-
Range	Diff.
23.5-24.4	-100
24.5-25.4	-100
25.5-26.4	-50
26.5-28.4	0
28.5-29.4	0
29.5-30.4	25
30.5-32.4	50
32.5 & Above	75

- Extraneous Matter -
Other Level	Diff.
1	-400
2	-925
Prep Level
1	-50
2	-800

- Uniformity -
Level	Diff.
77 & below	-60
78	-50
79	-40
80	0
81	0
82	0
83	30
84	40
85	50
86 & above	60

* Quotations are established by USDA, Agricultural Marketing Service.
* [-] sign means points off NYCE futures market.