MP_CN208 1/20/2022 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 2021-2022 Dec Dec Dec 31 Jan Jan Jan 17-23 24-30 Jan 6 7-13 14-20 21-27 Adjusted world price 1/ 94.81 96.27 99.12 103.85 105.58 110.44 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 0.09 0.25 0.41 0.45 0.46 0.72 Fine count adjustment 20 0.34 0.50 0.66 0.70 0.71 0.97 1/ Color 41, leaf 4, st 0.00 0.00 0.00 0.00 0.00 0.00 Source: Farm Service Agency, USDA. 0 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-22 May-22 Jul-22 Oct-22 Dec-22 Mar-23 Average Current Jan 14 119.70 116.34 113.36 102.73 96.83 93.09 116.38 130.45 0.00 Jan 17 0.00 Holiday 0.00 Holiday 0.00 Holiday Holiday 133.10 0.00 Jan 18 121.08 117.71 114.66 103.81 97.84 94.48 117.76 133.10 0.00 Jan 19 123.95 120.45 117.31 104.77 99.18 95.88 120.49 134.55 0.00 Jan 20 122.87 119.67 116.87 104.77 99.01 95.89 119.37 137.50 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 Jan 14 120.70 119.45 119.45 114.20 114.45 112.95 113.45 116.38 Jan 17Holiday Holiday Holiday Holiday Holiday Jan 18 122.08 120.83 120.83 115.58 115.83 114.33 114.83 117.76 Jan 19 124.95 123.70 123.70 117.95 118.20 117.20 117.70 120.49 Jan 20 123.87 122.62 122.62 116.87 116.87 116.12 116.62 119.37 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. 0 2020-2021 2021-2022 Description Through January Through January 13, 2022 Week Mkt. Yea Week Mkt. Year Outstanding sales - 6,036,20 - 7,864,200 Exports 322,400 6,120,40198,700 3,403,100 Total export commitments - 12,156,6 - 11,267,300 New sales 331,500 - 274,400 - Buy-backs and cancellations 39,200 - 1,400 - Net sales 292,400 - 273,000 - Sales next marketing year 39,500 885,800 139,200 1,291,800 Net sales of 273,000 RB for 2021/2022 were down 32 percent from the previous week, but up 12 percent from the prior 4-week average. Increases primarily for Pakistan (62,600 RB), China (62,200 RB, including 6,400 RB switched from Vietnam), Bangladesh (28,100 RB), Vietnam (27,200 RB, including 1,300 RB switched from Japan), and Turkey (25,800 RB), were offset by reductions for Japan (900 RB) and Mexico (400 RB). Net sales of 139,200 RB for 2022/2023 were primarily for Pakistan (95,000 RB) and Honduras (22,200 RB). Exports of 198,700 RB were up 19 percent from the previous week and 41 percent from the prior 4-week average. The destinations were primarily to China (55,200 RB), Vietnam (54,200 RB), Mexico (31,200 RB), Pakistan (13,700 RB), and Turkey (10,300 RB). Net sales of Pima totaling 3,800 RB were up 58 percent from the previous week, but down 26 percent from the prior 4-week average. Increases were primarily for India (1,200 RB), Italy (500 RB), Japan (500 RB), Taiwan (400 RB), and Pakistan (400 RB). Exports of 7,500 RB were down 19 percent from the previous week, but up 7 percent from the prior 4-week average. The destinations were primarily to India (2,400 RB), Peru (1,500 RB), Pakistan (1,000 RB), Germany (900 RB), and Egypt (900 RB). Optional Origin Sales: For 2021/2022, new optional origin sales of 52,800 MT were reported for Vietnam. The current outstanding balance of 61,600 RB is for Vietnam (52,800 RB) and Pakistan (8,800 RB). Exports for Own Account: For 2021/2022, the current exports for own account outstanding balance is 100 RB, all Vietnam. USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports