MP_CN208
10/15/2020 Memphis, TN USDA Cotton and Tobacco Program, MND
World market prices for upland cotton, in cents per pound, in effect from 12:01 a.m., EDT, Frida
2020-2021
Sep Sep Sep 25 Oct Oct Oct
11-17 18-24 Oct 1 2-8 9-15 16-22
Adjusted world price 1/ 49.77 50.88 50.45 50.67 51.48 53.43
Course count adjustment 0.00 0.00 0.00 0.00 0.00 0.00
Loan Deficiency Payment 2.23 1.12 1.55 1.33 0.52 0.00
Fine count adjustment 20 0.55 0.41 0.38 0.42 0.37 0.33
Fine count adjustment 20 0.50 0.36 0.33 0.37 0.32 0.28
1/ Color 41, leaf 4, staple 34, mike 35-36 & 43-49, strength readings of 26.0-28.9 grams per te
Source: Farm Service Agency, USDA.
ICE futures contract settlement, designated spot market average for color 41, leaf 4, staple 34,
Far Eastern 'A' Index
Color 41, Leaf 4, Staple 34 Far Eastern
Date Futures Settlement 7-MarketA Index 1/
Dec-20 Mar-21 May-21 Jul-21 Oct-21 Dec-21 Average Current
Oct 9 67.64 68.42 69.12 69.61 67.76 67.53 62.10 72.95 0.00
Oct 12 68.37 69.18 69.93 70.46 68.61 68.38 62.83 73.20 0.00
Oct 13 68.83 69.64 70.40 70.97 69.01 68.87 63.29 74.00 0.00
Oct 14 68.93 69.72 70.41 70.92 69.42 68.77 63.39 74.50 0.00
Oct 15 69.22 69.93 70.65 71.21 69.91 69.01 63.76 74.50 0.00
1/ Far Eastern A Index furnished by Cotton Outlook of Liverpool.
Color 41, Leaf 4, Staple 34
Cents per Pound 7-Market
Date SoutheasNorth DeSouth DeEast TX/West TexDesert SSJ ValleAverage
Oct 9 64.64 63.89 63.89 61.39 60.64 59.89 60.39 62.10
Oct 12 65.37 64.62 64.62 62.12 61.37 60.62 61.12 62.83
Oct 13 65.83 65.08 65.08 62.58 61.83 61.08 61.58 63.29
Oct 14 65.93 65.18 65.18 62.68 61.93 61.18 61.68 63.39
Oct 15 66.22 65.47 65.47 63.22 62.47 61.47 61.97 63.76
Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News.
0
2019-2020 2020-2021
Description Through October Through October 8, 2020
Week Mkt. Yea Week Mkt. Year
Outstanding sales - 7,078,80 - 5,728,200
Exports 151,600 2,056,80192,600 2,505,000
Total export commitments - 9,135,60 - 8,233,200
New sales 208,900 - 118,700 -
Buy-backs and cancellations 2,400 - 19,800 -
Net sales 206,500 - 98,900 -
Sales next marketing year 0 696,100 13,200 498,900
Net sales of 98,900 RB for 2020/2021 were down 45 percent from the previous week
and 61 percent from the prior 4-week average. Increases primarily for Pakistan
(36,500 RB, including 500 RB switched from Indonesia), China (20,000 RB, including
decreases of 13,200 RB), Guatemala (14,900 RB), Vietnam (13,800 RB), and Turkey
(10,400 RB), were offset by reductions for Bangladesh (4,000 RB) and Japan (1,300 RB).
For 2021/2022, total net sales of 13,200 RB were for China. Exports of 192,600 RB
were up 35 percent from the previous week, but down 7 percent from the prior 4-week
average. Exports were primarily to China (59,500 RB), Vietnam (51,200 RB), Mexico
(20,400 RB), Pakistan (13,000 RB), and Turkey (9,700 RB). Net sales of Pima totaling
17,800 RB were down 18 percent from the previous week and 19 percent from the prior
4-week average. Increases were primarily for China (5,900 RB), Bangladesh (4,800 RB),
India (4,200 RB, including decreases 1,800 RB), Switzerland (1,300 RB), and Pakistan
(1,000 RB). Exports of 12,700 RB were down 20 percent from the previous week and
10 percent from the prior 4-week average. The primary destinations were China
(8,200 RB), India (1,300 RB), Peru (700 RB), Vietnam (700 RB), and Honduras (700 RB).
Exports for Own account: For 2020/2021, the current exports for own account
outstanding balance of 13,000 RB is for China (8,100 RB), Indonesia (3,900 RB),
and Bangladesh (1,000 RB).
USDA, AMS Cotton and Tobacco Program, Cotton Market News Division
3275 Appling Rd
Memphis, TN 38133
www.ams.usda.gov/cnmnreports