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

San Joaquin Valley Spot Quotes
SJV Sheet #: 437 effective: 03/24/05
USDA Published: 24-Mar-2005

SLM 1-16, #4 leaf base, -150 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 |   600  1275  1690  1740| | 32    |1&2 |   -50   250   275   275
        |  3 |   535  1160  1490  1575| |       |  3 |  -100   200   225   225
        |  4 |   -50   325   405   525| |       |  4 |  -250    50    50    50
        |  5 |  -275   -75   -20    40| |       |  5 |  -675  -425  -425  -425
        |  6 |  -550  -350  -300  -250| |       |  6 |  -825  -625  -625  -625
        |  7 |  -775  -675  -625  -575| |       |  7 | -1000  -900  -900  -900
        |    |                        | |       |    |                        
     31 |1&2 |   550  1200  1330  1415| | 42    |1&2 |  -550  -200  -175  -175
        |  3 |   550  1125  1205  1290| |       |  3 |  -600  -250  -225  -225
        |  4 |   -50   300   350   435| |       |  4 |  -650  -350  -325  -325
        |  5 |  -350  -150   -95   -35| |       |  5 |  -825  -600  -575  -575
        |  6 |  -675  -475  -425  -375| |       |  6 | -1050 -1025 -1025 -1025
        |  7 |  -825  -725  -675  -625| |       |  7 | -1150 -1150 -1150 -1150
        |    |                        | |       |    |                        
     41 |1&2 |    50   500   580   590| | 52    |1&2 |  -875  -825  -825  -825
        |  3 |     0   450   530   540| |       |  3 |  -875  -825  -825  -825
        |  4 |  -150   200   280   290| |       |  4 |  -975  -925  -925  -925
        |  5 |  -575  -350  -345  -335| |       |  5 | -1025  -975  -975  -975
        |  6 |  -825  -600  -600  -600| |       |  6 | -1175 -1175 -1175 -1175
        |  7 |  -975  -875  -875  -875| |       |  7 | -1375 -1375 -1375 -1375
        |    |                        | |       |    |                        
     51 |1&2 |  -725  -275  -225  -225| | 33    |1&2 |  -650  -650  -650  -650
        |  3 |  -750  -300  -250  -250| |       |  3 |  -650  -650  -650  -650
        |  4 |  -800  -350  -300  -300| |       |  4 |  -750  -750  -750  -750
        |  5 |  -900  -500  -450  -450| |       |  5 |  -950  -950  -950  -950
        |  6 | -1050  -950  -950  -950| |       |  6 | -1225 -1225 -1225 -1225
        |  7 | -1200 -1100 -1100 -1100| |       |  7 | -1375 -1375 -1375 -1375
        |    |                        | |       |    |                        
  12&22 |1&2 |    75   575   855   915| | 43    |1&2 | -1025 -1025 -1025 -1025
        |  3 |     0   500   780   840| |       |  3 | -1025 -1025 -1025 -1025
        |  4 |  -125   275   330   390| |       |  4 | -1075 -1075 -1075 -1075
        |  5 |  -400  -200  -150  -100| |       |  5 | -1225 -1225 -1225 -1225
        |  6 |  -650  -550  -500  -450| |       |  6 | -1375 -1375 -1375 -1375
        |  7 |  -925  -850  -800  -750| |       |  7 | -1575 -1575 -1575 -1575

---- 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.