CCC Loan Premium & Discount Schedule: ELS Cotton

CCC Loan Rate for Eligible Qualities

2016-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

78.25

81.40

81.50

2

77.95

81.10

81.25

3

74.60

77.75

77.90

4

59.65

62.80

62.80

5

50.85

51.90

51.90

6

46.20

46.70

46.70

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 32 points (0.32 cents) per pound and a strength premium of 45 points (0.45) 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 80.54 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

Micronaire Reading

ELS Extraneous Matter Discounts