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

San Joaquin Valley Spot Quotes
SJV Sheet #: 388 effective: 03/18/03
USDA Published: 18-Mar-2003

SLM 1-16, #4 leaf base, -400 May-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 |   -25   475   740   790| | 32    |1&2 |  -300     0    25    25
        |  3 |   -90   410   590   675| |       |  3 |  -350   -50   -25   -25
        |  4 |  -300   -75     5   125| |       |  4 |  -500  -200  -200  -200
        |  5 |  -525  -325  -270  -210| |       |  5 |  -925  -675  -675  -675
        |  6 |  -800  -600  -550  -500| |       |  6 | -1075  -875  -875  -875
        |  7 | -1025  -925  -875  -825| |       |  7 | -1250 -1150 -1150 -1150
        |    |                        | |       |    |                        
     31 |1&2 |   -75   325   480   565| | 42    |1&2 |  -800  -650  -650  -650
        |  3 |   -75   325   430   515| |       |  3 |  -850  -700  -700  -700
        |  4 |  -300  -150  -100   -15| |       |  4 |  -900  -800  -800  -800
        |  5 |  -600  -400  -345  -285| |       |  5 | -1075 -1000 -1000 -1000
        |  6 |  -925  -725  -675  -625| |       |  6 | -1300 -1275 -1275 -1275
        |  7 | -1075  -975  -925  -875| |       |  7 | -1400 -1400 -1400 -1400
        |    |                        | |       |    |                        
     41 |1&2 |  -200    50    80    90| | 52    |1&2 | -1125 -1075 -1075 -1075
        |  3 |  -250     0    30    40| |       |  3 | -1125 -1075 -1075 -1075
        |  4 |  -400  -150  -120  -110| |       |  4 | -1225 -1175 -1175 -1175
        |  5 |  -825  -600  -595  -585| |       |  5 | -1275 -1225 -1225 -1225
        |  6 | -1075  -850  -850  -850| |       |  6 | -1425 -1425 -1425 -1425
        |  7 | -1225 -1125 -1125 -1125| |       |  7 | -1625 -1625 -1625 -1625
        |    |                        | |       |    |                        
     51 |1&2 |  -975  -775  -775  -775| | 33    |1&2 |  -900  -900  -900  -900
        |  3 | -1000  -800  -800  -800| |       |  3 |  -900  -900  -900  -900
        |  4 | -1050  -850  -850  -850| |       |  4 | -1000 -1000 -1000 -1000
        |  5 | -1150 -1000 -1000 -1000| |       |  5 | -1200 -1200 -1200 -1200
        |  6 | -1300 -1200 -1200 -1200| |       |  6 | -1475 -1475 -1475 -1475
        |  7 | -1450 -1350 -1350 -1350| |       |  7 | -1625 -1625 -1625 -1625
        |    |                        | |       |    |                        
  12&22 |1&2 |  -175   225   305   365| | 43    |1&2 | -1275 -1275 -1275 -1275
        |  3 |  -250   150   230   290| |       |  3 | -1275 -1275 -1275 -1275
        |  4 |  -375   -75   -20    40| |       |  4 | -1325 -1325 -1325 -1325
        |  5 |  -650  -450  -400  -350| |       |  5 | -1475 -1475 -1475 -1475
        |  6 |  -900  -800  -750  -700| |       |  6 | -1625 -1625 -1625 -1625
        |  7 | -1175 -1100 -1050 -1000| |       |  7 | -1825 -1825 -1825 -1825

---- 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.