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

San Joaquin Valley Spot Quotes
SJV Sheet #: 409 effective: 03/01/04
USDA Published: 1-Mar-2004

SLM 1-16, #4 leaf base, -500 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 |   -25   625   715   765| | 32    |1&2 |  -400  -100   -75   -75
        |  3 |   -90   560   590   675| |       |  3 |  -450  -150  -125  -125
        |  4 |  -400   -25    55   175| |       |  4 |  -600  -300  -300  -300
        |  5 |  -625  -425  -370  -310| |       |  5 | -1025  -775  -775  -775
        |  6 |  -900  -700  -650  -600| |       |  6 | -1175  -975  -975  -975
        |  7 | -1125 -1025  -975  -925| |       |  7 | -1350 -1250 -1250 -1250
        |    |                        | |       |    |                        
     31 |1&2 |   -75   525   605   690| | 42    |1&2 |  -900  -600  -600  -600
        |  3 |   -75   525   555   640| |       |  3 |  -950  -650  -650  -650
        |  4 |  -400  -250  -200  -115| |       |  4 | -1000  -750  -750  -750
        |  5 |  -700  -500  -445  -385| |       |  5 | -1175 -1000 -1000 -1000
        |  6 | -1025  -825  -775  -725| |       |  6 | -1400 -1375 -1375 -1375
        |  7 | -1175 -1075 -1025  -975| |       |  7 | -1500 -1500 -1500 -1500
        |    |                        | |       |    |                        
     41 |1&2 |  -300   -50   -20   -10| | 52    |1&2 | -1225 -1175 -1175 -1175
        |  3 |  -350  -100   -70   -60| |       |  3 | -1225 -1175 -1175 -1175
        |  4 |  -500  -250  -220  -210| |       |  4 | -1325 -1275 -1275 -1275
        |  5 |  -925  -700  -695  -685| |       |  5 | -1375 -1325 -1325 -1325
        |  6 | -1175  -950  -950  -950| |       |  6 | -1525 -1525 -1525 -1525
        |  7 | -1325 -1225 -1225 -1225| |       |  7 | -1725 -1725 -1725 -1725
        |    |                        | |       |    |                        
     51 |1&2 | -1075  -725  -725  -725| | 33    |1&2 | -1000 -1000 -1000 -1000
        |  3 | -1100  -750  -750  -750| |       |  3 | -1000 -1000 -1000 -1000
        |  4 | -1150  -800  -800  -800| |       |  4 | -1100 -1100 -1100 -1100
        |  5 | -1250  -950  -950  -950| |       |  5 | -1300 -1300 -1300 -1300
        |  6 | -1400 -1300 -1300 -1300| |       |  6 | -1575 -1575 -1575 -1575
        |  7 | -1550 -1450 -1450 -1450| |       |  7 | -1725 -1725 -1725 -1725
        |    |                        | |       |    |                        
  12&22 |1&2 |  -275   125   205   265| | 43    |1&2 | -1375 -1375 -1375 -1375
        |  3 |  -350    50   130   190| |       |  3 | -1375 -1375 -1375 -1375
        |  4 |  -475  -175  -120   -60| |       |  4 | -1425 -1425 -1425 -1425
        |  5 |  -750  -550  -500  -450| |       |  5 | -1575 -1575 -1575 -1575
        |  6 | -1000  -900  -850  -800| |       |  6 | -1725 -1725 -1725 -1725
        |  7 | -1275 -1200 -1150 -1100| |       |  7 | -1925 -1925 -1925 -1925

---- 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.