MP_CN208 9/19/2019 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 2019-2020 Aug Aug Aug 30 Sept Sept Sept 16-22 23-29 Sept 5 6-12 13-19 20-26 Adjusted world price 1/ 52.22 52.57 51.45 51.57 52.28 54.62 Course count adjustment 0.00 0.00 0.00 0.00 0.00 0.00 Loan Deficiency Payment 0.00 0.00 0.55 0.43 0.00 0.00 Fine count adjustment 20 0.17 0.11 0.06 0.08 0.08 0.04 Fine count adjustment 20 0.02 0.00 0.00 0.00 0.00 0.00 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-19 Dec-19 Mar-20 May-20 Jul-20 Oct-20 Average Current Sep 61.63 62.28 62.78 63.44 64.07 64.57 57.92 73.55 0.00 Sep 61.59 62.59 62.96 63.83 64.61 65.03 57.88 73.65 0.00 Sep 60.12 61.38 61.86 62.91 63.79 64.24 59.09 73.70 0.00 Sep 59.36 60.50 61.22 62.25 63.21 63.81 57.93 72.40 0.00 Sep 58.99 60.33 61.06 62.08 63.06 63.65 57.76 71.50 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 Sep 61.63 60.63 60.63 56.63 56.63 54.38 54.88 57.92 Sep 61.59 60.59 60.59 56.59 56.59 54.34 54.84 57.88 Sep 62.38 61.38 61.38 58.88 58.88 55.13 55.63 59.09 Sep 61.50 60.50 60.50 57.00 57.00 54.25 54.75 57.93 Sep 61.33 60.33 60.33 56.83 56.83 54.08 54.58 57.76 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. . 2018-2019 2019-2020 Description Through SeptembeThrough September 12, 2019 Week Mkt. Yea Week Mkt. Year Outstanding sales - 7,857,80 - 6,981,800 Exports 148,900 1,075,30166,600 1,425,400 Total export commitments - 8,933,10 - 8,407,200 New sales 97,900 - 142,700 - Buy-backs and cancellations 100 - 57,700 - Net sales 97,800 - 85,000 - Sales next marketing year 32,900 1,420,90 19,300 681,100 Net sales of 85,000 RB for 2019/2020 were up 14 percent from the previous week, but down 38 percent from the prior 4-week average. Increases were primarily for Mexico (43,300 RB, including decreases of 900 RB), Pakistan (20,400 RB), Costa Rica (15,200 RB), Turkey (14,300 RB), and Vietnam (11,000 RB, including 900 RB switched from Hong Kong, 400 RB switched from Japan, and decreases of 600 RB). Reductions were for China (39,300 RB). For 2020/2021, net sales of 19,300 RB were primarily for Bangladesh (13,200 RB), Colombia (2,300 RB), Costa Rica (2,300 RB), and Mexico (1,100 RB). Exports of 166,600 RB were unchanged from the previous week, but down 27 percent from the prior 4-week average. Exports were primarily to Vietnam (48,400 RB), Indonesia (29,500 RB), Mexico (19,200 RB), China (18,800 RB), and India (10,800 RB). Net sales of Pima totaling 15,900 RB were up noticeably from the previous week and from the prior 4-week average. Increases were primarily for Pakistan (10,200 RB), India (2,800 RB), Bahrain (2,200 RB), and China (700 RB, switched from Hong Kong). Reductions were reported for Hong Kong (700 RB) and Germany (300 RB). Exports of 7,200 RB were up 57 percent from the previous week and 6 percent from the prior 4-week average. The primary destinations were India (3,500 RB), China (1,600 RB), Bangladesh (400 RB), Thailand (400 RB), and Italy (300 RB). Exports for Own account: For 2019/2020, new exports for own account totaling 1,200 RB were to Indonesia. Exports for own account totaling 1,200 RB to Indonesia were applied to new or outstanding sales. Decreases were reported for India (1,200 RB). The current exports for own account outstanding balance of 4,300 RB is for China (2,300 RB), India (1,000 RB), and Vietnam (1,000 RB). USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports