MP_CN208
11/29/2018 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
2018-2019
Oct 26 Nov Nov Nov Nov Nov 30
Nov 1 2-8 9-15 16-22 23-29 Dec 6
Adjusted world price 1/ 69.41 68.56 69.86 68.48 67.89 67.92
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 0.98 1.10 1.25 1.04 0.88 0.89
Fine count adjustment 20 1.03 1.15 1.30 1.09 0.93 0.94
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/
Dec-18 Mar-19 May-19 Jul-19 Oct-19 Dec-19 Average Current 0
Nov 23 74.92 77.22 78.49 79.71 77.15 76.55 72.51 86.75 0.00
Nov 26 77.40 78.58 79.75 80.88 77.82 76.97 73.87 85.25 0.00
Nov 27 76.77 77.88 79.04 80.18 77.32 76.62 73.17 86.40 0.00
Nov 28 77.76 78.88 79.96 81.01 78.06 77.05 74.17 85.85 0.00
Nov 29 76.64 78.68 79.75 80.80 77.94 76.81 74.04 86.80 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
Nov 23 75.22 74.47 74.47 70.97 70.97 70.47 70.97 72.51
Nov 26 76.58 75.83 75.83 72.33 72.33 71.83 72.33 73.87
Nov 27 75.88 75.13 75.13 71.63 71.63 71.13 71.63 73.17
Nov 28 76.88 76.13 76.13 72.63 72.63 72.13 72.63 74.17
Nov 29 76.68 75.93 75.93 72.43 72.43 72.18 72.68 74.04
Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News.
Marketing Years
2017-2018 2018-2019
Description Through NovemberThrough November 22, 2018
Week Mkt. Yea Week Mkt. Year
Outstanding sales - 7,456,40 - 7,165,800
Exports 112,200 2,189,70126,100 2,527,500
Total export commitments - 9,646,10 - 9,693,300
New sales 277,800 - 195,200 -
Buy-backs and cancellations 1,300 - 18,400 -
Net sales 276,500 - 176,800 -
Sales next marketing year 52,800 993,300 14,200 1,942,100
Net sales of 176,800 RB for 2018/2019 were down 16 percent from the previous week,
but up noticeably from the prior 4-week average. Increases were reported for Vietnam
(92,400 RB, including 200 RB switched from Japan), Pakistan (27,800 RB, including
decreases of 2,200 RB), India (17,400 RB), Japan (11,400 RB, including 200 RB switched
from Thailand and decrease of 800 RB), and Turkey (11,000 RB). Reductions were
reported for China (7,500 RB), Thailand (3,700 RB), and Costa Rica (700 RB).
For 2019/2020, net sales of 14,200 RB were reported for Portugal (11,000 RB),
South Korea (2,900 RB), and Japan (300 RB). Exports of 126,100 RB were down
16 percent from the previous week and 4 percent from the prior 4-week average.
Exports were primarily to Vietnam (32,900 RB), China (19,200 RB), Pakistan
(10,800 RB), Mexico (10,100 RB), and Indonesia (9,200 RB). Net sales of Pima
totaling 21,300 RB for 2018/2019 were down 18 percent from the previous week,
but up 15 percent from the prior 4-week average. Increases were reported for
China (10,600 RB, including decreases of 400 RB), India (5,300 RB, including
decreases of 1,300 RB), Peru (2,000 RB), Pakistan (1,800 RB), and Thailand
(1,100 RB). Exports of 9,800 RB were up 86 percent from the previous week
and up noticeably from the prior 4-week average. The destinations were
primarily to China (3,500 RB), India (2,900 RB), and Vietnam (2,900 RB).
Optional Origin Sales: For 2018/2019, the current outstanding balance of 900 RB is for Vietnam.
Exports for Own Account: The current exports for own account outstanding balance is 6,800 RB, all China.
USDA, AMS Cotton and Tobacco Program, Cotton Market News Division
3275 Appling Rd
Memphis, TN 38133
www.ams.usda.gov/cnmnreports