MP_CN208 2/20/2020 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 Jan Jan Jan 31 Feb Feb Feb 17-23 24-30 Feb 6 7-13 14-20 21-27 Adjusted world price 1/ 61.40 61.29 60.59 58.44 58.82 59.03 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 0.63 0.60 0.71 0.61 0.62 0.61 Fine count adjustment 20 0.48 0.45 0.56 0.46 0.47 0.46 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-20 May-20 Jul-20 Oct-20 Dec-20 Mar-21 Average Current Feb 14 67.41 68.41 69.28 69.36 69.06 69.75 62.98 77.20 0.00 Feb 17 Holiday 0.00 Holiday 0.00 Holiday 0.00 76.95 0.00 Feb 18 67.87 68.87 69.70 69.74 69.44 70.05 63.44 76.95 0.00 Feb 19 68.48 69.65 70.47 69.62 70.24 70.77 64.22 77.50 0.00 Feb 20 68.75 69.37 70.24 69.64 70.04 70.70 63.94 78.30 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 14 66.16 64.66 64.66 62.41 62.16 60.16 60.66 62.98 Feb 17 Holiday Holiday Holiday Holiday Feb 18 66.62 65.12 65.12 62.87 62.62 60.62 61.12 63.44 Feb 19 67.40 65.90 65.90 63.65 63.40 61.40 61.90 64.22 Feb 20 67.12 65.62 65.62 63.37 63.12 61.12 61.62 63.94 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. . 2018-2019 2019-2020 Description Through FebruaryThrough February 13, 2020 Week Mkt. Yea Week Mkt. Year Outstanding sales - 6,851,50 - 7,189,500 Exports 1,431,505,004,40375,700 6,243,200 Total export commitments - 11,855,900 - 13,432,700 New sales 1,315,80 - 297,800 - Buy-backs and cancellations 338,700 - 62,500 - Net sales 977,100 - 235,300 - Sales next marketing year 161,400 2,274,90141,200 1,284,100 Net sales of 235,300 RB for 2019/2020 were down 33 percent from the previous week and 30 percent from the prior 4-week average. Increases primarily for Vietnam (57,300 RB, including 700 RB switched from Japan and 400 RB switched from Taiwan), Pakistan (57,200 RB, including decreases of 27,100 RB), Turkey (46,600 RB, including 7,300 RB switched from Vietnam), South Korea (24,400 RB), and Indonesia (13,200 RB, including 2,700 RB switched from Japan), were offset by reductions primarily for Malaysia (12,500 RB), Japan (4,900 RB), China (1,100 RB), and Honduras (400 RB). For 2020/2021, net sales of 141,200 RB were primarily for Indonesia (90,400 RB), Pakistan (29,900 RB), and Malaysia (11,000 RB). Exports of 375,700 RB were down 6 percent from the previous week, but up 5 percent from the prior 4-week average. Exports were primarily to Pakistan (97,100 RB), Vietnam (85,200 RB), China (46,400 RB), Turkey (31,400 RB), and Indonesia (21,100 RB). Net sales of Pima totaling 9,500 RB were down 13 percent from the previous week and 27 percent from the prior 4-week average. Increases were primarily for India (3,600 RB), Pakistan (2,300 RB), Turkey (1,100 RB), El Salvador (500 RB), and Germany (400 RB). Exports of 10,200 RB were up 38 percent from the previous week and 25 percent from the prior 4-week average. The primary destinations were India (4,400 RB), Pakistan (2,000 RB), Vietnam (900 RB), China (900 RB), and Peru (800 RB). Exports for Own Account: For 2019/2020, new exports for own account totaling 1,400 RB were to Thailand (900 RB) and Vietnam (500 RB). Exports for own account totaling 6,500 RB primarily to Vietnam (3,600 RB), South Korea (1,000 RB), Thailand (900 RB), and Bangladesh (900 RB), were applied to new or outstanding sales. Decreases were reported for India (900 RB). The current exports for own account outstanding balance of 33,900 RB is for Indonesia (17,900 RB), Bangladesh (5,300 RB), Vietnam (4,400 RB), India (3,400 RB), China (2,500 RB), and Malaysia (400 RB). USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports