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

San Joaquin Valley Spot Quotes
SJV Sheet #: 415 effective: 05/05/04
USDA Published: 5-May-2004

SLM 1-16, #4 leaf base, -225 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 |   325   900  1090  1140| | 32    |1&2 |  -125   175   200   200
        |  3 |   260   835   915  1000| |       |  3 |  -175   125   150   150
        |  4 |  -125   250   330   450| |       |  4 |  -325   -25   -25   -25
        |  5 |  -350  -150   -95   -35| |       |  5 |  -750  -500  -500  -500
        |  6 |  -625  -425  -375  -325| |       |  6 |  -900  -700  -700  -700
        |  7 |  -850  -750  -700  -650| |       |  7 | -1075  -975  -975  -975
        |    |                        | |       |    |                        
     31 |1&2 |   275   800   880   965| | 42    |1&2 |  -625  -325  -325  -325
        |  3 |   275   800   830   915| |       |  3 |  -675  -375  -375  -375
        |  4 |  -125    25    75   160| |       |  4 |  -725  -475  -475  -475
        |  5 |  -425  -225  -170  -110| |       |  5 |  -900  -725  -725  -725
        |  6 |  -750  -550  -500  -450| |       |  6 | -1125 -1100 -1100 -1100
        |  7 |  -900  -800  -750  -700| |       |  7 | -1225 -1225 -1225 -1225
        |    |                        | |       |    |                        
     41 |1&2 |   -25   225   255   265| | 52    |1&2 |  -950  -900  -900  -900
        |  3 |   -75   175   205   215| |       |  3 |  -950  -900  -900  -900
        |  4 |  -225    25    55    65| |       |  4 | -1050 -1000 -1000 -1000
        |  5 |  -650  -425  -420  -410| |       |  5 | -1100 -1050 -1050 -1050
        |  6 |  -900  -675  -675  -675| |       |  6 | -1250 -1250 -1250 -1250
        |  7 | -1050  -950  -950  -950| |       |  7 | -1450 -1450 -1450 -1450
        |    |                        | |       |    |                        
     51 |1&2 |  -800  -450  -450  -450| | 33    |1&2 |  -725  -725  -725  -725
        |  3 |  -825  -475  -475  -475| |       |  3 |  -725  -725  -725  -725
        |  4 |  -875  -525  -525  -525| |       |  4 |  -825  -825  -825  -825
        |  5 |  -975  -675  -675  -675| |       |  5 | -1025 -1025 -1025 -1025
        |  6 | -1125 -1025 -1025 -1025| |       |  6 | -1300 -1300 -1300 -1300
        |  7 | -1275 -1175 -1175 -1175| |       |  7 | -1450 -1450 -1450 -1450
        |    |                        | |       |    |                        
  12&22 |1&2 |     0   400   480   540| | 43    |1&2 | -1100 -1100 -1100 -1100
        |  3 |   -75   325   405   465| |       |  3 | -1100 -1100 -1100 -1100
        |  4 |  -200   100   155   215| |       |  4 | -1150 -1150 -1150 -1150
        |  5 |  -475  -275  -225  -175| |       |  5 | -1300 -1300 -1300 -1300
        |  6 |  -725  -625  -575  -525| |       |  6 | -1450 -1450 -1450 -1450
        |  7 | -1000  -925  -875  -825| |       |  7 | -1650 -1650 -1650 -1650

---- 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.