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

San Joaquin Valley Spot Quotes
SJV Sheet #: 435 effective: 03/04/05
USDA Published: 4-Mar-2005

SLM 1-16, #4 leaf base, -50 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 |   700  1425  1790  1840| | 32    |1&2 |    50   350   375   375
        |  3 |   635  1310  1590  1675| |       |  3 |     0   300   325   325
        |  4 |    50   425   505   625| |       |  4 |  -150   150   150   150
        |  5 |  -175    25    80   140| |       |  5 |  -575  -325  -325  -325
        |  6 |  -450  -250  -200  -150| |       |  6 |  -725  -525  -525  -525
        |  7 |  -675  -575  -525  -475| |       |  7 |  -900  -800  -800  -800
        |    |                        | |       |    |                        
     31 |1&2 |   650  1350  1430  1515| | 42    |1&2 |  -450  -100   -75   -75
        |  3 |   650  1275  1305  1390| |       |  3 |  -500  -150  -125  -125
        |  4 |    50   400   450   535| |       |  4 |  -550  -250  -225  -225
        |  5 |  -250   -50     5    65| |       |  5 |  -725  -500  -475  -475
        |  6 |  -575  -375  -325  -275| |       |  6 |  -950  -925  -925  -925
        |  7 |  -725  -625  -575  -525| |       |  7 | -1050 -1050 -1050 -1050
        |    |                        | |       |    |                        
     41 |1&2 |   150   600   680   690| | 52    |1&2 |  -775  -725  -725  -725
        |  3 |   100   550   630   640| |       |  3 |  -775  -725  -725  -725
        |  4 |   -50   300   380   390| |       |  4 |  -875  -825  -825  -825
        |  5 |  -475  -250  -245  -235| |       |  5 |  -925  -875  -875  -875
        |  6 |  -725  -500  -500  -500| |       |  6 | -1075 -1075 -1075 -1075
        |  7 |  -875  -775  -775  -775| |       |  7 | -1275 -1275 -1275 -1275
        |    |                        | |       |    |                        
     51 |1&2 |  -625  -175  -125  -125| | 33    |1&2 |  -550  -550  -550  -550
        |  3 |  -650  -200  -150  -150| |       |  3 |  -550  -550  -550  -550
        |  4 |  -700  -250  -200  -200| |       |  4 |  -650  -650  -650  -650
        |  5 |  -800  -400  -350  -350| |       |  5 |  -850  -850  -850  -850
        |  6 |  -950  -850  -850  -850| |       |  6 | -1125 -1125 -1125 -1125
        |  7 | -1100 -1000 -1000 -1000| |       |  7 | -1275 -1275 -1275 -1275
        |    |                        | |       |    |                        
  12&22 |1&2 |   175   675   955  1015| | 43    |1&2 |  -925  -925  -925  -925
        |  3 |   100   600   880   940| |       |  3 |  -925  -925  -925  -925
        |  4 |   -25   375   430   490| |       |  4 |  -975  -975  -975  -975
        |  5 |  -300  -100   -50     0| |       |  5 | -1125 -1125 -1125 -1125
        |  6 |  -550  -450  -400  -350| |       |  6 | -1275 -1275 -1275 -1275
        |  7 |  -825  -750  -700  -650| |       |  7 | -1475 -1475 -1475 -1475

---- 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.