MP_CN208 5/6/2021 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 Apr Apr Apr Apr Apr 30 May 2-8 9-15 16-22 23-29 May 6 7-13 Adjusted world price 1/ 65.59 64.92 68.16 70.49 73.71 71.39 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 0.59 0.38 0.48 0.56 0.74 1.00 Fine count adjustment 20 0.54 0.33 0.43 0.51 0.69 0.95 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/ May-21 Jul-21 Oct-21 Dec-21 Mar-22 May-22 Average Current Apr 3 87.43 88.08 86.47 85.06 84.31 83.60 83.90 91.90 0.00 May 03 87.21 87.86 87.02 85.20 84.56 83.96 83.68 - 0.00 May 04 86.17 87.17 86.67 85.06 84.38 83.75 82.99 93.05 0.00 May 05 86.23 87.33 87.01 85.40 84.68 84.04 83.15 92.30 0.00 May 06 89.48 90.58 88.72 86.72 85.82 85.08 86.40 92.30 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 Apr 3 86.83 85.83 85.83 83.08 83.08 81.08 81.58 83.90 May 03 86.61 85.61 85.61 82.86 82.86 80.86 81.36 83.68 May 04 85.92 84.92 84.92 82.17 82.17 80.17 80.67 82.99 May 05 86.08 85.08 85.08 82.33 82.33 80.33 80.83 83.15 May 06 89.33 88.33 88.33 85.58 85.58 83.58 84.08 86.40 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. 0 2019-2020 2020-2021 Description Through April 30Through April 29, 2021 Week Mkt. Yea Week Mkt. Year Outstanding sales - 5,608,10 - 3,929,000 Exports 370,300 10,316,1456,600 11,284,000 Total export commitments - 15,924,2 - 15,213,000 New sales 426,600 - 135,300 - Buy-backs and cancellations 56,300 - 71,700 - Net sales 370,300 - 63,700 - Sales next marketing year 55,900 2,436,50 61,200 1,734,900 Net sales of 63,700 RB for 2020/2021 were down 17 percent from the previous week and 56 percent from the prior 4-week average. Increases primarily for Pakistan (16,200 RB), Bangladesh (15,400 RB), Indonesia (10,600 RB, including 400 RB switched from Japan), Mexico (9,000 RB), and Turkey (7,600 RB, including decreases of 2,800 RB), were offset by reductions for Vietnam (13,500 RB), China (4,000 RB), and Hong Kong (2,300 RB). For 2021/2022, net sales of 61,200 RB were primarily for Bangladesh (21,600 RB), Pakistan (15,400 RB), Thailand (10,600 RB), Honduras (4,600 RB), and Nicaragua (3,700 RB). Exports of 456,600 RB--a marketing-year high--were up 34 percent from the previous week and 35 percent from the prior 4-week average. Exports were primarily to China (155,000 RB, including 78,600 RB - late), Vietnam (84,100 RB), Pakistan (47,500 RB), Turkey (39,200 RB), and Mexico (27,100 RB). Net sales of Pima totaling 11,300 RB were up noticeably from the previous week and from the prior 4-week average. Increases were primarily for India (3,500 RB, including decreases of 100 RB), Turkey (3,500 RB), Vietnam (2,200 RB), Greece (900 RB), and El Salvador (400 RB). For 2021/2022, total net sales of 200 RB were for El Salvador. Exports of 24,700 RB were up 70 percent from the previous week and 37 percent from the prior 4-week average. The destinations were primarily to China (10,700 RB), India (5,700 RB), Peru (1,800 RB), Pakistan (1,600 RB), and Thailand (900 RB). Exports for Own Account: For 2020/2021, new exports for own account totaling 4,900 RB were for Vietnam. The current exports for own account outstanding balance of 17,500 RB is for Vietnam (9,500 RB), China (7,600 RB), and Bangladesh (400 RB). Late Reporting: For 2020/2021, exports totaling 78,600 RB of upland cotton were reported late to China. USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports