MP_CN208 7/22/2021 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 June June 25 July July July July 18-24 July 1 2-8 9-15 16-22 23-29 Adjusted world price 1/ 74.16 73.40 74.70 74.90 75.96 76.58 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 0.31 0.25 0.29 0.31 0.41 0.40 Fine count adjustment 20 0.26 0.20 0.24 0.26 0.36 0.35 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-21 Dec-21 Mar-22 May-22 Jul-22 Oct-22 Average Current Jul 1 90.70 89.93 89.30 88.44 87.01 82.19 86.59 97.95 0.00 Jul 1 87.11 86.71 86.35 85.85 84.91 80.56 83.00 98.80 0.00 Jul 2 88.87 88.51 88.08 87.35 86.10 81.49 84.76 96.20 0.00 Jul 2 89.09 88.69 88.38 87.70 86.48 81.80 84.98 98.00 0.00 Jul 2 90.27 89.86 89.41 88.49 87.07 82.17 86.16 98.25 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 Jul 1 89.45 88.45 88.45 85.95 85.95 83.70 84.20 86.59 Jul 1 85.86 84.86 84.86 82.36 82.36 80.11 80.61 83.00 Jul 2 87.62 86.62 86.62 84.12 84.12 81.87 82.37 84.76 Jul 2 87.84 86.84 86.84 84.34 84.34 82.09 82.59 84.98 Jul 2 89.02 88.02 88.02 85.52 85.52 83.27 83.77 86.16 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. 0 2019-2020 2020-2021 Description Through July 16,Through July 15, 2021 Week Mkt. Yea Week Mkt. Year Outstanding sales - 3,542,80 - 1,825,300 Exports 271,300 13,463,4246,100 14,365,500 Total export commitments - 17,006,2 - 16,190,800 New sales 5,400 - 43,400 - Buy-backs and cancellations 18,500 - 3,300 - Net sales -13,100 - 40,000 - Sales next marketing year 10,900 3,536,80251,900 2,972,400 Net sales of 40,000 RB for 2020/2021 were up 16 percent from the previous week, but down 22 percent from the prior 4-week average. Increases primarily for Turkey (15,700 RB, including 500 RB switched from Vietnam and decreases of 600 RB), China (13,200 RB, including 4,100 RB switched from Hong Kong), Pakistan (4,600 RB, including 600 RB switched from Vietnam and 5,100 RB - late), Indonesia (3,700 RB, including 1,100 RB switched from Thailand, 1,000 RB from Vietnam, 900 RB from Pakistan, 700 RB from Japan, and decreases of 1,300 RB), and Vietnam (2,600 RB), were offset by reductions primarily for Hong Kong (4,100 RB) and Mexico (1,000 RB). For 2021/2022, net sales of 251,900 RB primarily for Turkey (100,500 RB), Pakistan (73,500 RB), Vietnam (36,300 RB), Mexico (24,500 RB), and China (13,900 RB), were offset by reductions primarily for the Philippines (2,600 RB) and Japan (2,100 RB). Exports of 246,100 RB were up 32 percent from the previous week and 2 percent from the prior 4-week average. Exports were primarily to Vietnam (55,700 RB), Turkey (42,300 RB), Mexico (29,700 RB), Pakistan (24,300 RB, including 5,100 RB - late), and China (22,200 RB). Net sales of Pima totaling 3,400 RB were down 42 percent from the previous week and 39 percent from the prior 4-week average. Increases were reported for China (1,300 RB), Italy (1,100 RB), and India (1,000 RB, including decreases of 100 RB). For 2021/2022, net sales of 900 RB were reported for Taiwan (400 RB), Bangladesh (400 RB), and Japan (100 RB). Exports of 10,400 RB were up noticeably from the previous week, but down 13 percent from the prior 4-week average. The destinations were primarily to India (4,500 RB), China (2,700 RB), Egypt (900 RB), Thailand (900 RB), and Honduras (900 RB). Exports for Own Account: For 2020/2021, the current exports for own account outstanding balance of 5,700 RB is for China (4,700 RB) and Vietnam (1,000 RB). Late Reporting: For 2020/2021, net sales and exports totaling 5,100 RB of upland cotton were reported late for Pakistan. USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports