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

San Joaquin Valley Spot Quotes
SJV Sheet #: 438 effective: 04/08/05
USDA Published: 8-Apr-2005

SLM 1-16, #4 leaf base, -200 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 |   550  1225  1640  1690| | 32    |1&2 |  -100   200   225   225
        |  3 |   485  1110  1440  1525| |       |  3 |  -150   150   175   175
        |  4 |  -100   275   355   475| |       |  4 |  -300     0     0     0
        |  5 |  -325  -125   -70   -10| |       |  5 |  -725  -475  -475  -475
        |  6 |  -600  -400  -350  -300| |       |  6 |  -875  -675  -675  -675
        |  7 |  -825  -725  -675  -625| |       |  7 | -1050  -950  -950  -950
        |    |                        | |       |    |                        
     31 |1&2 |   500  1150  1280  1365| | 42    |1&2 |  -600  -250  -225  -225
        |  3 |   500  1075  1155  1240| |       |  3 |  -650  -300  -275  -275
        |  4 |  -100   250   300   385| |       |  4 |  -700  -400  -375  -375
        |  5 |  -400  -200  -145   -85| |       |  5 |  -875  -650  -625  -625
        |  6 |  -725  -525  -475  -425| |       |  6 | -1100 -1075 -1075 -1075
        |  7 |  -875  -775  -725  -675| |       |  7 | -1200 -1200 -1200 -1200
        |    |                        | |       |    |                        
     41 |1&2 |     0   450   530   540| | 52    |1&2 |  -925  -875  -875  -875
        |  3 |   -50   400   480   490| |       |  3 |  -925  -875  -875  -875
        |  4 |  -200   150   230   240| |       |  4 | -1025  -975  -975  -975
        |  5 |  -625  -400  -395  -385| |       |  5 | -1075 -1025 -1025 -1025
        |  6 |  -875  -650  -650  -650| |       |  6 | -1225 -1225 -1225 -1225
        |  7 | -1025  -925  -925  -925| |       |  7 | -1425 -1425 -1425 -1425
        |    |                        | |       |    |                        
     51 |1&2 |  -775  -325  -275  -275| | 33    |1&2 |  -700  -700  -700  -700
        |  3 |  -800  -350  -300  -300| |       |  3 |  -700  -700  -700  -700
        |  4 |  -850  -400  -350  -350| |       |  4 |  -800  -800  -800  -800
        |  5 |  -950  -550  -500  -500| |       |  5 | -1000 -1000 -1000 -1000
        |  6 | -1100 -1000 -1000 -1000| |       |  6 | -1275 -1275 -1275 -1275
        |  7 | -1250 -1150 -1150 -1150| |       |  7 | -1425 -1425 -1425 -1425
        |    |                        | |       |    |                        
  12&22 |1&2 |    25   525   805   865| | 43    |1&2 | -1075 -1075 -1075 -1075
        |  3 |   -50   450   730   790| |       |  3 | -1075 -1075 -1075 -1075
        |  4 |  -175   225   280   340| |       |  4 | -1125 -1125 -1125 -1125
        |  5 |  -450  -250  -200  -150| |       |  5 | -1275 -1275 -1275 -1275
        |  6 |  -700  -600  -550  -500| |       |  6 | -1425 -1425 -1425 -1425
        |  7 |  -975  -900  -850  -800| |       |  7 | -1625 -1625 -1625 -1625

---- 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.