MP_CN208 7/30/2020 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 2019-2020 and 2020-2021 June 26 July July July July July 31 July 2 3-9 10-16 17-23 24-30 Aug 6 Adjusted world price 1/ 49.60 50.13 51.48 50.26 49.04 47.71 Course count adjustment 0.00 0.00 0.00 0.00 0.00 0.00 Loan Deficiency Payment 2.40 1.87 0.52 1.74 2.96 4.29 Fine count adjustment 20 0.00 0.00 0.53 0.87 0.74 0.51 Fine count adjustment 20 0.00 0.00 0.38 0.72 0.59 0.36 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/ Oct-20 Dec-20 Mar-21 May-21 Jul-21 Oct-21 Average Current Jul 24 59.96 60.10 60.82 61.54 62.18 61.28 55.67 67.15 68.65 Jul 27 60.69 61.16 61.85 62.61 63.28 62.36 56.40 65.55 67.05 Jul 28 60.59 61.11 61.83 62.59 63.27 62.33 56.30 66.55 68.05 Jul 29 61.03 61.61 62.32 63.09 63.76 62.81 56.74 66.55 68.05 Jul 30 62.82 63.18 63.81 64.46 65.01 63.79 58.53 67.05 68.55 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 Jul 24 57.96 56.96 56.96 55.46 55.46 53.21 53.71 55.67 Jul 27 58.69 57.69 57.69 56.19 56.19 53.94 54.44 56.40 Jul 28 58.59 57.59 57.59 56.09 56.09 53.84 54.34 56.30 Jul 29 59.03 58.03 58.03 56.53 56.53 54.28 54.78 56.74 Jul 30 60.82 59.82 59.82 58.32 58.32 56.07 56.57 58.53 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. 0 2018-2019 2019-2020 Description Through July 25,Through July 23, 2020 Week Mkt. Yea Week Mkt. Year Outstanding sales - 2,657,10 - 3,340,700 Exports 291,200 12,886,2320,800 13,784,200 Total export commitments - 15,543,3 - 17,124,900 New sales 33,000 - 137,300 - Buy-backs and cancellations 22,800 - 18,600 - Net sales 10,200 - 118,700 - Sales next marketing year 364,800 4,884,80 9,500 3,546,300 Net sales of 118,700 RB for 2019/2020 were up noticeably from the previous week and from the prior 4-week average. Increases primarily for Vietnam (76,500 RB, including 2,200 RB switched from China and 800 RB switched from South Korea), China (22,100 RB), Bangladesh (17,600 RB), Turkey (4,000 RB), and Brazil (3,900 RB, switched from Ecuador), were offset by reductions for Ecuador (3,900 RB), Pakistan (2,500 RB), Mexico (2,100 RB), the Philippines (1,900 RB), and India (1,800 RB). For 2020/2021, net sales of 9,500 RB primarily for Vietnam (3,000 RB), Pakistan (2,600 RB), Turkey (1,500 RB), Thailand (1,400 RB), and Bangladesh (1,100 RB), were offset by reductions for Japan (400 RB). Exports of 320,800 RB were up 18 percent from the previous week and 8 percent from the prior 4-week average. Exports were primarily to China (105,100 RB), Vietnam (93,100 RB), Turkey (41,700 RB), Bangladesh (25,400 RB), and Pakistan (18,500 RB). Net sales of Pima totaling 9,100 RB were down 20 percent from the previous week, but up 48 percent from the prior 4-week average. Increases primarily for China (5,700 RB), Pakistan (1,700 RB), Italy (1,400 RB), Thailand (1,100 RB), and Turkey (1,000 RB), were offset by reductions for India (3,500 RB). For 2020/2021, total net sales of 500 RB were for Peru. Exports of 7,800 RB were up noticeably from the previous week and from the prior 4-week average. The destinations were primarily to China (3,100 RB), Pakistan (1,100 RB), Peru (900 RB), India (800 RB), and Bangladesh (700 RB). Exports for Own Account: For 2019/2020, new exports for own account totaling 26,800 RB were to Vietnam (17,300 RB), Pakistan (4,800 RB), China (3,300 RB), and Bangladesh (1,400 RB). Exports for own account totaling 15,300 RB were primarily to Vietnam (10,900 RB) were applied to new or outstanding sales. Decreases were reported for Indonesia (4,300 RB). The current exports for own account outstanding balance of 31,300 RB is for China (14,300 RB), Vietnam (10,200 RB), Indonesia (3,900 RB), Bangladesh (2,500 RB), and Pakistan (400 RB). USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports