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

San Joaquin Valley Spot Quotes
SJV Sheet #: 391 effective: 06/04/03
USDA Published: 4-Jun-2003

SLM 1-16, #4 leaf base, -300 Jul-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   625   890   940| | 32    |1&2 |  -200   100   125   125
        |  3 |    10   560   740   825| |       |  3 |  -250    50    75    75
        |  4 |  -200   175   255   375| |       |  4 |  -400  -100  -100  -100
        |  5 |  -425  -225  -170  -110| |       |  5 |  -825  -575  -575  -575
        |  6 |  -700  -500  -450  -400| |       |  6 |  -975  -775  -775  -775
        |  7 |  -925  -825  -775  -725| |       |  7 | -1150 -1050 -1050 -1050
        |    |                        | |       |    |                        
     31 |1&2 |    25   525   680   765| | 42    |1&2 |  -700  -550  -550  -550
        |  3 |    25   525   630   715| |       |  3 |  -750  -600  -600  -600
        |  4 |  -200   -50     0    85| |       |  4 |  -800  -700  -700  -700
        |  5 |  -500  -300  -245  -185| |       |  5 |  -975  -900  -900  -900
        |  6 |  -825  -625  -575  -525| |       |  6 | -1200 -1175 -1175 -1175
        |  7 |  -975  -875  -825  -775| |       |  7 | -1300 -1300 -1300 -1300
        |    |                        | |       |    |                        
     41 |1&2 |  -100   150   180   190| | 52    |1&2 | -1025  -975  -975  -975
        |  3 |  -150   100   130   140| |       |  3 | -1025  -975  -975  -975
        |  4 |  -300   -50   -20   -10| |       |  4 | -1125 -1075 -1075 -1075
        |  5 |  -725  -500  -495  -485| |       |  5 | -1175 -1125 -1125 -1125
        |  6 |  -975  -750  -750  -750| |       |  6 | -1325 -1325 -1325 -1325
        |  7 | -1125 -1025 -1025 -1025| |       |  7 | -1525 -1525 -1525 -1525
        |    |                        | |       |    |                        
     51 |1&2 |  -875  -675  -675  -675| | 33    |1&2 |  -800  -800  -800  -800
        |  3 |  -900  -700  -700  -700| |       |  3 |  -800  -800  -800  -800
        |  4 |  -950  -750  -750  -750| |       |  4 |  -900  -900  -900  -900
        |  5 | -1050  -900  -900  -900| |       |  5 | -1100 -1100 -1100 -1100
        |  6 | -1200 -1100 -1100 -1100| |       |  6 | -1375 -1375 -1375 -1375
        |  7 | -1350 -1250 -1250 -1250| |       |  7 | -1525 -1525 -1525 -1525
        |    |                        | |       |    |                        
  12&22 |1&2 |   -75   325   405   465| | 43    |1&2 | -1175 -1175 -1175 -1175
        |  3 |  -150   250   330   390| |       |  3 | -1175 -1175 -1175 -1175
        |  4 |  -275    25    80   140| |       |  4 | -1225 -1225 -1225 -1225
        |  5 |  -550  -350  -300  -250| |       |  5 | -1375 -1375 -1375 -1375
        |  6 |  -800  -700  -650  -600| |       |  6 | -1525 -1525 -1525 -1525
        |  7 | -1075 -1000  -950  -900| |       |  7 | -1725 -1725 -1725 -1725

---- 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.