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

San Joaquin Valley Spot Quotes
SJV Sheet #: 408 effective: 02/27/04
USDA Published: 27-Feb-2004

SLM 1-16, #4 leaf base, -550 May-2004 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   525   615   665| | 32    |1&2 |  -450  -150  -125  -125
        |  3 |  -140   460   490   575| |       |  3 |  -500  -200  -175  -175
        |  4 |  -450   -75     5   125| |       |  4 |  -650  -350  -350  -350
        |  5 |  -675  -475  -420  -360| |       |  5 | -1075  -825  -825  -825
        |  6 |  -950  -750  -700  -650| |       |  6 | -1225 -1025 -1025 -1025
        |  7 | -1175 -1075 -1025  -975| |       |  7 | -1400 -1300 -1300 -1300
        |    |                        | |       |    |                        
     31 |1&2 |  -125   425   505   590| | 42    |1&2 |  -950  -650  -650  -650
        |  3 |  -125   425   455   540| |       |  3 | -1000  -700  -700  -700
        |  4 |  -450  -300  -250  -165| |       |  4 | -1050  -800  -800  -800
        |  5 |  -750  -550  -495  -435| |       |  5 | -1225 -1050 -1050 -1050
        |  6 | -1075  -875  -825  -775| |       |  6 | -1450 -1425 -1425 -1425
        |  7 | -1225 -1125 -1075 -1025| |       |  7 | -1550 -1550 -1550 -1550
        |    |                        | |       |    |                        
     41 |1&2 |  -350  -100   -70   -60| | 52    |1&2 | -1275 -1225 -1225 -1225
        |  3 |  -400  -150  -120  -110| |       |  3 | -1275 -1225 -1225 -1225
        |  4 |  -550  -300  -270  -260| |       |  4 | -1375 -1325 -1325 -1325
        |  5 |  -975  -750  -745  -735| |       |  5 | -1425 -1375 -1375 -1375
        |  6 | -1225 -1000 -1000 -1000| |       |  6 | -1575 -1575 -1575 -1575
        |  7 | -1375 -1275 -1275 -1275| |       |  7 | -1775 -1775 -1775 -1775
        |    |                        | |       |    |                        
     51 |1&2 | -1125  -775  -775  -775| | 33    |1&2 | -1050 -1050 -1050 -1050
        |  3 | -1150  -800  -800  -800| |       |  3 | -1050 -1050 -1050 -1050
        |  4 | -1200  -850  -850  -850| |       |  4 | -1150 -1150 -1150 -1150
        |  5 | -1300 -1000 -1000 -1000| |       |  5 | -1350 -1350 -1350 -1350
        |  6 | -1450 -1350 -1350 -1350| |       |  6 | -1625 -1625 -1625 -1625
        |  7 | -1600 -1500 -1500 -1500| |       |  7 | -1775 -1775 -1775 -1775
        |    |                        | |       |    |                        
  12&22 |1&2 |  -325    75   155   215| | 43    |1&2 | -1425 -1425 -1425 -1425
        |  3 |  -400     0    80   140| |       |  3 | -1425 -1425 -1425 -1425
        |  4 |  -525  -225  -170  -110| |       |  4 | -1475 -1475 -1475 -1475
        |  5 |  -800  -600  -550  -500| |       |  5 | -1625 -1625 -1625 -1625
        |  6 | -1050  -950  -900  -850| |       |  6 | -1775 -1775 -1775 -1775
        |  7 | -1325 -1250 -1200 -1150| |       |  7 | -1975 -1975 -1975 -1975

---- Mike ----
Range	Diff.
27-29	-1250
30-32	-550
33-34	-350
35-36	0
37-42	25
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.