Extra Long Staple Base Loan Rate: 79.77 cents/pound
Adjusted Average Rate: 80.70 cents/pound
CCC Loan Rate for Eligible Qualities
2011-Crop ELS Cotton Stored in Approved Warehouses in all Locations.
(Cents per pound, net weight, micronaire 3.5 & above and strength of 37.5 and above 1/)
Grade Code
Staple Length (inches)
1-3/8
1-7/16
1-1/2
(44)
(46)
(48 & Longer)
1
79.55
81.70
81.80
2
79.30
81.50
81.60
3
77.10
79.30
79.40
4
64.75
66.90
66.90
5
58.55
59.10
59.10
6
54.95
55.10
55.10
Below 6
37.00
37.00
37.00
Leaf
Color
Leaf Discounts
Cents per Pound
1
All
0.00
2
All
0.00
3
1-3
-3.45
4
1-3
-3.60
5
1-4
-3.70
6
1-5
-3.80
7
1-6
-3.80
1/ A micronaire premium of 35 points (0.35 cents) per pound and a strength premium of 58 points (0.58) per pound is reflected in the loan rates for the eligible qualities. The adj. nat'l avg. loan rate reflected in the above schedule is 80.70 cents per pound. Cotton with micronaire readings below 3.5 and strength below 37.5 will be subject to the discounts in the schedule of micronaire differences for ELS cotton.
ELS Micronaire Discounts
Schedule of Micronaire Differences for Eligible Qualities