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

San Joaquin Valley Spot Quotes
SJV Sheet #: 423 effective: 09/03/04
USDA Published: 3-Sep-2004

SLM 1-16, #4 leaf base, -250 Oct-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 |   300   875  1015  1065| | 32    |1&2 |  -150   150   175   175
        |  3 |   235   760   840   925| |       |  3 |  -200   100   125   125
        |  4 |  -150   225   305   425| |       |  4 |  -350   -50   -50   -50
        |  5 |  -375  -175  -120   -60| |       |  5 |  -775  -525  -525  -525
        |  6 |  -650  -450  -400  -350| |       |  6 |  -925  -725  -725  -725
        |  7 |  -875  -775  -725  -675| |       |  7 | -1100 -1000 -1000 -1000
        |    |                        | |       |    |                        
     31 |1&2 |   250   725   805   890| | 42    |1&2 |  -650  -350  -350  -350
        |  3 |   250   725   755   840| |       |  3 |  -700  -400  -400  -400
        |  4 |  -150     0    50   135| |       |  4 |  -750  -500  -500  -500
        |  5 |  -450  -250  -195  -135| |       |  5 |  -925  -750  -750  -750
        |  6 |  -775  -575  -525  -475| |       |  6 | -1150 -1125 -1125 -1125
        |  7 |  -925  -825  -775  -725| |       |  7 | -1250 -1250 -1250 -1250
        |    |                        | |       |    |                        
     41 |1&2 |   -50   200   230   240| | 52    |1&2 |  -975  -925  -925  -925
        |  3 |  -100   150   180   190| |       |  3 |  -975  -925  -925  -925
        |  4 |  -250     0    30    40| |       |  4 | -1075 -1025 -1025 -1025
        |  5 |  -675  -450  -445  -435| |       |  5 | -1125 -1075 -1075 -1075
        |  6 |  -925  -700  -700  -700| |       |  6 | -1275 -1275 -1275 -1275
        |  7 | -1075  -975  -975  -975| |       |  7 | -1475 -1475 -1475 -1475
        |    |                        | |       |    |                        
     51 |1&2 |  -825  -475  -475  -475| | 33    |1&2 |  -750  -750  -750  -750
        |  3 |  -850  -500  -500  -500| |       |  3 |  -750  -750  -750  -750
        |  4 |  -900  -550  -550  -550| |       |  4 |  -850  -850  -850  -850
        |  5 | -1000  -700  -700  -700| |       |  5 | -1050 -1050 -1050 -1050
        |  6 | -1150 -1050 -1050 -1050| |       |  6 | -1325 -1325 -1325 -1325
        |  7 | -1300 -1200 -1200 -1200| |       |  7 | -1475 -1475 -1475 -1475
        |    |                        | |       |    |                        
  12&22 |1&2 |   -25   375   455   515| | 43    |1&2 | -1125 -1125 -1125 -1125
        |  3 |  -100   300   380   440| |       |  3 | -1125 -1125 -1125 -1125
        |  4 |  -225    75   130   190| |       |  4 | -1175 -1175 -1175 -1175
        |  5 |  -500  -300  -250  -200| |       |  5 | -1325 -1325 -1325 -1325
        |  6 |  -750  -650  -600  -550| |       |  6 | -1475 -1475 -1475 -1475
        |  7 | -1025  -950  -900  -850| |       |  7 | -1675 -1675 -1675 -1675

---- 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.