MP_CN208 2/18/2021 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 Jan Jan Jan 29 Feb Feb Feb 15-21 22-28 Feb 4 5-11 12-18 19-25 Adjusted world price 1/ 66.23 66.70 67.59 66.38 70.32 73.13 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 1.00 1.02 1.03 1.00 1.14 1.30 Fine count adjustment 20 0.95 0.97 0.98 0.95 1.09 1.25 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-21 May-21 Jul-21 Oct-21 Dec-21 Mar-22 Average Current Feb 12 87.27 88.66 89.41 85.71 83.89 83.44 83.77 93.00 0.00 Feb 15 Holiday 0.00 Holiday Holiday 0.00 93.80 0.00 Feb 16 88.12 89.60 90.32 86.96 84.81 84.36 84.71 93.80 0.00 Feb 17 88.36 89.93 90.71 87.09 85.00 84.42 85.04 94.60 0.00 Feb 18 88.73 90.30 91.04 86.69 85.08 84.25 85.41 95.10 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 12 86.91 85.91 85.91 82.91 82.91 80.66 81.16 83.77 Feb 15 Holiday Holiday Holiday Holiday Feb 16 87.85 86.85 86.85 83.85 83.85 81.60 82.10 84.71 Feb 17 88.18 87.18 87.18 84.18 84.18 81.93 82.43 85.04 Feb 18 88.55 87.55 87.55 84.55 84.55 82.30 82.80 85.41 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. 0 2019-2020 2020-2021 Description Through FebruaryThrough February 11, 2021 Week Mkt. Yea Week Mkt. Year Outstanding sales - 7,189,50 - 5,700,800 Exports 375,700 6,243,20311,800 7,460,100 Total export commitments - 13,432,7 - 13,160,900 New sales 297,800 - 124,800 - Buy-backs and cancellations 62,500 - 5,300 - Net sales 235,300 - 119,500 - Sales next marketing year 141,200 1,284,10 2,100 1,115,400 Net sales of 119,500 RB for 2020/2021 were down 57 percent from the previous week and 59 percent from the prior 4-week average. Increases primarily for China (44,100 RB), Vietnam (27,200 RB, including 700 RB switched from South Korea, 200 RB switched from Japan, and decreases of 100 RB), Bangladesh (18,300 RB), Pakistan (7,200 RB), and Turkey (6,900 RB), were offset by reductions primarily for Mexico (4,000 RB) and Nicaragua (400 RB). For 2021/2022, net sales of 2,100 RB resulting in increases for Turkey (11,000 RB), were offset by reductions for Bangladesh (8,900 RB). Exports of 311,800 RB were down 28 percent from the previous week and 8 percent from the prior 4-week average. Exports were primarily to Vietnam (90,000 RB), China (82,300 RB), Pakistan (26,700 RB), Turkey (25,600 RB), and Mexico (19,800 RB). Net sales of Pima totaling 14,600 RB were up 51 percent from the previous week, but down 25 percent from the prior 4-week average. Increases were primarily for China (9,200 RB), Pakistan (2,200 RB), Peru (1,800 RB), Austria (700 RB), and South Korea (300 RB). Exports of 11,800 RB were up 67 percent from the previous week, but down 2 percent from the prior 4-week average. The destinations were primarily to Vietnam (4,100 RB), India (2,400 RB), China (2,100 RB), El Salvador (1,500 RB), and Indonesia (900 RB). Exports for Own Account: For 2020/2021, new exports for own account totaling 8,200 RB were to Vietnam (4,400 RB), China (3,700 RB), and Bangladesh (100 RB). Exports for own account totaling 10,700 RB to Vietnam (5,700 RB) and China (5,000 RB) were applied to new or outstanding sales. The current exports for own account outstanding balance of 30,600 RB is for China (24,600 RB), Vietnam (5,900 RB), and Bangladesh (100 RB). USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports