MP_CN208 7/16/2020 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 June June June 26 July July July 12-18 19-25 July 2 3-9 10-16 17-23 Adjusted world price 1/ 49.60 48.87 49.60 50.13 51.48 50.26 Course count adjustment 0.00 0.00 0.00 0.00 0.00 0.00 Loan Deficiency Payment 2.40 3.13 2.40 1.87 0.52 1.74 Fine count adjustment 20 0.10 0.00 0.00 0.00 0.53 0.87 Fine count adjustment 20 0.00 0.00 0.00 0.00 0.38 0.72 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-20 Dec-20 Mar-21 May-21 Jul-21 Oct-21 Average Current Jul 10 64.71 64.31 64.83 65.34 65.77 64.87 60.57 69.70 71.00 Jul 13 63.75 63.35 64.04 64.68 65.26 64.55 59.61 70.15 71.30 Jul 14 62.69 62.63 63.31 64.01 64.61 63.88 58.40 69.15 70.40 Jul 15 62.59 62.13 62.85 63.52 64.08 63.19 58.30 68.40 69.65 Jul 16 62.88 62.54 63.19 63.77 64.28 63.40 58.59 67.90 69.15 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 Jul 10 62.71 62.21 62.21 60.21 60.21 57.96 58.46 60.57 Jul 13 61.75 61.25 61.25 59.25 59.25 57.00 57.50 59.61 Jul 14 60.69 59.69 59.69 58.19 58.19 55.94 56.44 58.40 Jul 15 60.59 59.59 59.59 58.09 58.09 55.84 56.34 58.30 Jul 16 60.88 59.88 59.88 58.38 58.38 56.13 56.63 58.59 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. 0 2018-2019 2019-2020 Description Through July 11,Through July 9, 2020 Week Mkt. Yea Week Mkt. Year Outstanding sales - 3,093,40 - 3,827,200 Exports 310,300 12,276,7311,700 13,192,100 Total export commitments - 15,370,1 - 17,019,300 New sales 65,500 - 38,900 - Buy-backs and cancellations 11,500 - 56,400 - Net sales 54,000 - -17,500 - Sales next marketing year 218,900 4,312,00 29,100 3,525,900 Net sales reductions of 17,500 RB for 2019/2020 were down noticeably from the previous week and from the prior 4-week average. Increases primarily for Vietnam (26,500 RB, including 4,600 RB switched from China, 2,200 RB switched from South Korea, and 1,000 RB switched from Hong Kong), Pakistan (6,400 RB), and Indonesia (2,100 RB, including 1,700 RB switched from Taiwan and 200 RB switched from Japan), were more than offset by reductions primarily for China (38,600 RB), El Salvador (4,000 RB), Peru (3,600 RB), Thailand (2,900 RB), and Bangladesh (1,300 RB). For 2020/2021, net sales of 29,100 RB primarily for China (8,800 RB), South Korea (6,600 RB), Bangladesh (4,400 RB), El Salvador (4,000 RB), and Indonesia (3,700 RB), were offset by reductions for Pakistan (500 RB). Exports of 311,700 RB were down 5 percent from the previous week and 2 percent from the prior 4-week average. Exports were primarily to Vietnam (94,500 RB), China (91,700 RB), Turkey (36,700 RB), Pakistan (32,900 RB), and Bangladesh (12,700 RB). Net sales of Pima totaling 5,800 RB were up noticeably from the previous week and up 39 percent from the prior 4-week average. Increases were primarily for China (1,800 RB), Egypt (1,300 RB), Pakistan (1,100 RB), India (600 RB), and Turkey (400 RB). Exports of 800 RB--a marketing-year low--were down 89 percent from the previous week and 88 percent from the prior 4-week average. The destinations were to Pakistan (400 RB), Honduras (300 RB), and Indonesia (100 RB). Exports for Own Account: For 2019/2020, new exports for own account totaling 400 RB were to Vietnam. Exports for own account totaling 6,800 RB to Vietnam (4,700 RB), China (900 RB), Pakistan (600 RB), and Bangladesh (600 RB) were applied to new or outstanding sales. The current exports for own account outstanding balance of 18,400 RB is for China (8,500 RB), Indonesia (8,200 RB), Bangladesh (1,000 RB), and Vietnam (700 RB). USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports