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

San Joaquin Valley Spot Quotes
SJV Sheet #: 434 effective: 02/14/05
USDA Published: 14-Feb-2005

SLM 1-16, #4 leaf base, -100 May-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 |   650  1375  1740  1790| | 32    |1&2 |     0   300   325   325
        |  3 |   585  1260  1540  1625| |       |  3 |   -50   250   275   275
        |  4 |     0   375   455   575| |       |  4 |  -200   100   100   100
        |  5 |  -225   -25    30    90| |       |  5 |  -625  -375  -375  -375
        |  6 |  -500  -300  -250  -200| |       |  6 |  -775  -575  -575  -575
        |  7 |  -725  -625  -575  -525| |       |  7 |  -950  -850  -850  -850
        |    |                        | |       |    |                        
     31 |1&2 |   600  1300  1380  1465| | 42    |1&2 |  -500  -150  -125  -125
        |  3 |   600  1225  1255  1340| |       |  3 |  -550  -200  -175  -175
        |  4 |     0   350   400   485| |       |  4 |  -600  -300  -275  -275
        |  5 |  -300  -100   -45    15| |       |  5 |  -775  -550  -525  -525
        |  6 |  -625  -425  -375  -325| |       |  6 | -1000  -975  -975  -975
        |  7 |  -775  -675  -625  -575| |       |  7 | -1100 -1100 -1100 -1100
        |    |                        | |       |    |                        
     41 |1&2 |   100   550   630   640| | 52    |1&2 |  -825  -775  -775  -775
        |  3 |    50   500   580   590| |       |  3 |  -825  -775  -775  -775
        |  4 |  -100   250   330   340| |       |  4 |  -925  -875  -875  -875
        |  5 |  -525  -300  -295  -285| |       |  5 |  -975  -925  -925  -925
        |  6 |  -775  -550  -550  -550| |       |  6 | -1125 -1125 -1125 -1125
        |  7 |  -925  -825  -825  -825| |       |  7 | -1325 -1325 -1325 -1325
        |    |                        | |       |    |                        
     51 |1&2 |  -675  -225  -175  -175| | 33    |1&2 |  -600  -600  -600  -600
        |  3 |  -700  -250  -200  -200| |       |  3 |  -600  -600  -600  -600
        |  4 |  -750  -300  -250  -250| |       |  4 |  -700  -700  -700  -700
        |  5 |  -850  -450  -400  -400| |       |  5 |  -900  -900  -900  -900
        |  6 | -1000  -900  -900  -900| |       |  6 | -1175 -1175 -1175 -1175
        |  7 | -1150 -1050 -1050 -1050| |       |  7 | -1325 -1325 -1325 -1325
        |    |                        | |       |    |                        
  12&22 |1&2 |   125   625   905   965| | 43    |1&2 |  -975  -975  -975  -975
        |  3 |    50   550   830   890| |       |  3 |  -975  -975  -975  -975
        |  4 |   -75   325   380   440| |       |  4 | -1025 -1025 -1025 -1025
        |  5 |  -350  -150  -100   -50| |       |  5 | -1175 -1175 -1175 -1175
        |  6 |  -600  -500  -450  -400| |       |  6 | -1325 -1325 -1325 -1325
        |  7 |  -875  -800  -750  -700| |       |  7 | -1525 -1525 -1525 -1525

---- 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.