MP_CN208 2/21/2019 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 2018-2019 Jan Jan Feb Feb Feb Feb 18-24 25-31 1-7 8-14 15-21 22-28 Adjusted world price 1/ 0.00 64.90 65.07 64.61 62.27 61.80 Course count adjustment 0.00 0.00 0.00 0.00 0.00 0.00 Loan Deficiency Payment 0.00 0.00 0.00 0.00 0.00 0.00 Fine count adjustment 20 0.00 0.14 0.02 0.13 0.23 0.34 Fine count adjustment 20 0.00 0.19 0.07 0.18 0.28 0.39 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/ Mar-19 May-19 Jul-19 Oct-19 Dec-19 Mar-20 Average Current 0 Feb 15 70.22 71.86 73.24 73.23 72.80 74.00 66.18 79.95 0.00 Feb 18 Holiday Holiday Holiday 80.05 0.00 Feb 19 70.41 72.19 73.48 73.41 72.87 74.02 66.51 80.05 0.00 Feb 20 70.28 72.16 73.34 73.36 73.09 74.25 66.48 80.30 0.00 Feb 21 72.19 74.01 74.99 74.45 73.94 74.97 68.33 80.30 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 Feb 15 68.61 67.36 67.36 65.36 65.36 64.36 64.86 66.18 Feb 18 Holiday Holiday Holiday Holiday Feb 19 68.94 67.69 67.69 65.69 65.69 64.69 65.19 66.51 Feb 20 68.91 67.66 67.66 65.66 65.66 64.66 65.16 66.48 Feb 21 70.76 69.51 69.51 67.51 67.51 66.51 67.01 68.33 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. Marketing Years 2017-2018 2018-2019 Description Through FebruaryThrough February 14, 2019 Week Mkt. Yea Week Mkt. Year Outstanding sales - 7,427,10 - 6,851,500 Exports 333,500 5,436,301,431,505,004,400 Total export commitments - 12,863,4 - 11,855,900 New sales 427,600 - 1,315,80 - Buy-backs and cancellations 28,500 - 338,700 - Net sales 399,100 - 977,100 - Sales next marketing year 177,200 1,999,90161,400 2,274,900 Net sales of 977,100 RB for 2018/2019 were reported for Turkey (352,800 RB, including decreases USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports