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

San Joaquin Valley Spot Quotes
SJV Sheet #: 431 effective: 01/07/05
USDA Published: 7-Jan-2005

SLM 1-16, #4 leaf base, 100 Mar-2005 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 |   850  1375  1540  1590| | 32    |1&2 |   200   500   525   525
        |  3 |   785  1260  1340  1425| |       |  3 |   150   450   475   475
        |  4 |   200   575   655   775| |       |  4 |     0   300   300   300
        |  5 |   -25   175   230   290| |       |  5 |  -425  -175  -175  -175
        |  6 |  -300  -100   -50     0| |       |  6 |  -575  -375  -375  -375
        |  7 |  -525  -425  -375  -325| |       |  7 |  -750  -650  -650  -650
        |    |                        | |       |    |                        
     31 |1&2 |   800  1300  1380  1465| | 42    |1&2 |  -300    50    75    75
        |  3 |   800  1225  1255  1340| |       |  3 |  -350     0    25    25
        |  4 |   200   350   400   485| |       |  4 |  -400  -100   -75   -75
        |  5 |  -100   100   155   215| |       |  5 |  -575  -350  -325  -325
        |  6 |  -425  -225  -175  -125| |       |  6 |  -800  -775  -775  -775
        |  7 |  -575  -475  -425  -375| |       |  7 |  -900  -900  -900  -900
        |    |                        | |       |    |                        
     41 |1&2 |   300   650   730   740| | 52    |1&2 |  -625  -575  -575  -575
        |  3 |   250   600   680   690| |       |  3 |  -625  -575  -575  -575
        |  4 |   100   450   530   540| |       |  4 |  -725  -675  -675  -675
        |  5 |  -325  -100   -95   -85| |       |  5 |  -775  -725  -725  -725
        |  6 |  -575  -350  -350  -350| |       |  6 |  -925  -925  -925  -925
        |  7 |  -725  -625  -625  -625| |       |  7 | -1125 -1125 -1125 -1125
        |    |                        | |       |    |                        
     51 |1&2 |  -475   -25    25    25| | 33    |1&2 |  -400  -400  -400  -400
        |  3 |  -500   -50     0     0| |       |  3 |  -400  -400  -400  -400
        |  4 |  -550  -100   -50   -50| |       |  4 |  -500  -500  -500  -500
        |  5 |  -650  -250  -200  -200| |       |  5 |  -700  -700  -700  -700
        |  6 |  -800  -700  -700  -700| |       |  6 |  -975  -975  -975  -975
        |  7 |  -950  -850  -850  -850| |       |  7 | -1125 -1125 -1125 -1125
        |    |                        | |       |    |                        
  12&22 |1&2 |   325   825   905   965| | 43    |1&2 |  -775  -775  -775  -775
        |  3 |   250   750   830   890| |       |  3 |  -775  -775  -775  -775
        |  4 |   125   525   580   640| |       |  4 |  -825  -825  -825  -825
        |  5 |  -150    50   100   150| |       |  5 |  -975  -975  -975  -975
        |  6 |  -400  -300  -250  -200| |       |  6 | -1125 -1125 -1125 -1125
        |  7 |  -675  -600  -550  -500| |       |  7 | -1325 -1325 -1325 -1325

---- 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.