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

San Joaquin Valley Spot Quotes
SJV Sheet #: 414 effective: 04/28/04
USDA Published: 28-Apr-2004

SLM 1-16, #4 leaf base, -325 Jul-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 |   225   800   990  1040| | 32    |1&2 |  -225    75   100   100
        |  3 |   160   735   815   900| |       |  3 |  -275    25    50    50
        |  4 |  -225   150   230   350| |       |  4 |  -425  -125  -125  -125
        |  5 |  -450  -250  -195  -135| |       |  5 |  -850  -600  -600  -600
        |  6 |  -725  -525  -475  -425| |       |  6 | -1000  -800  -800  -800
        |  7 |  -950  -850  -800  -750| |       |  7 | -1175 -1075 -1075 -1075
        |    |                        | |       |    |                        
     31 |1&2 |   175   700   780   865| | 42    |1&2 |  -725  -425  -425  -425
        |  3 |   175   700   730   815| |       |  3 |  -775  -475  -475  -475
        |  4 |  -225   -75   -25    60| |       |  4 |  -825  -575  -575  -575
        |  5 |  -525  -325  -270  -210| |       |  5 | -1000  -825  -825  -825
        |  6 |  -850  -650  -600  -550| |       |  6 | -1225 -1200 -1200 -1200
        |  7 | -1000  -900  -850  -800| |       |  7 | -1325 -1325 -1325 -1325
        |    |                        | |       |    |                        
     41 |1&2 |  -125   125   155   165| | 52    |1&2 | -1050 -1000 -1000 -1000
        |  3 |  -175    75   105   115| |       |  3 | -1050 -1000 -1000 -1000
        |  4 |  -325   -75   -45   -35| |       |  4 | -1150 -1100 -1100 -1100
        |  5 |  -750  -525  -520  -510| |       |  5 | -1200 -1150 -1150 -1150
        |  6 | -1000  -775  -775  -775| |       |  6 | -1350 -1350 -1350 -1350
        |  7 | -1150 -1050 -1050 -1050| |       |  7 | -1550 -1550 -1550 -1550
        |    |                        | |       |    |                        
     51 |1&2 |  -900  -550  -550  -550| | 33    |1&2 |  -825  -825  -825  -825
        |  3 |  -925  -575  -575  -575| |       |  3 |  -825  -825  -825  -825
        |  4 |  -975  -625  -625  -625| |       |  4 |  -925  -925  -925  -925
        |  5 | -1075  -775  -775  -775| |       |  5 | -1125 -1125 -1125 -1125
        |  6 | -1225 -1125 -1125 -1125| |       |  6 | -1400 -1400 -1400 -1400
        |  7 | -1375 -1275 -1275 -1275| |       |  7 | -1550 -1550 -1550 -1550
        |    |                        | |       |    |                        
  12&22 |1&2 |  -100   300   380   440| | 43    |1&2 | -1200 -1200 -1200 -1200
        |  3 |  -175   225   305   365| |       |  3 | -1200 -1200 -1200 -1200
        |  4 |  -300     0    55   115| |       |  4 | -1250 -1250 -1250 -1250
        |  5 |  -575  -375  -325  -275| |       |  5 | -1400 -1400 -1400 -1400
        |  6 |  -825  -725  -675  -625| |       |  6 | -1550 -1550 -1550 -1550
        |  7 | -1100 -1025  -975  -925| |       |  7 | -1750 -1750 -1750 -1750

---- 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.