MP_CN208 6/23/2022 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 2021-2022 May May 27 June June June June 20-26 June 2 3-9 10-16 17-23 24-30 Adjusted world price 1/ 143.24 139.86 135.36 134.41 140.47 135.95 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 0.32 0.54 0.60 0.59 0.67 0.78 Fine count adjustment 20 0.57 0.79 0.85 0.84 0.92 1.03 1/ Color 41, leaf 4, st 0.00 0.00 0.00 0.00 0.00 0.00 Source: Farm Service Agency, USDA. 0 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/ Jul-22 Oct-22 Dec-22 Mar-23 May-23 Jul-23 Average Current Jun 17 143.45 125.14 118.29 114.15 110.87 107.54 129.50 161.30 135.60 Jun 20 Holiday 0.00 Holiday 0.00 Holiday 0.00 Holiday 161.30 134.60 Jun 21 143.51 120.66 113.85 109.67 107.01 104.30 125.02 161.30 134.60 Jun 22 143.32 114.66 108.07 103.67 101.01 98.51 119.02 156.50 130.70 Jun 23 136.32 109.01 102.01 97.73 95.33 93.01 113.65 150.50 124.95 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 Jun 17 135.14 134.14 134.14 126.14 126.14 125.14 125.64 129.50 Jun 20 Holiday Holiday Holiday Holiday Holiday Jun 21 130.66 129.66 129.66 121.66 121.66 120.66 121.16 125.02 Jun 22 124.66 123.66 123.66 115.66 115.66 114.66 115.16 119.02 Jun 23 119.01 118.01 118.01 111.01 111.01 109.01 109.51 113.65 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. 0 2020-2021 2021-2022 Description Through June 17,Through June 16, 2022 Week Mkt. Yea Week Mkt. Year Outstanding sales - 2,656,80 - 4,408,400 Exports 206,000 13,364,7371,900 11,146,500 Total export commitments - 16,021,5 - 15,554,900 New sales 93,500 - 22,700 - Buy-backs and cancellations 18,900 - 6,500 - Net sales 74,700 - 16,200 - Sales next marketing year 148,900 2,293,20277,300 4,020,300 Net sales of 16,200 RB for 2021/2022--a marketing-year low--were down 39 percent from the previous week and 90 percent from the prior 4-week average. Increases primarily for Vietnam (6,300 RB, including 3,700 RB switched from South Korea and decreases of 2,200 RB), China (4,500 RB, including decreases of 200 RB), Mexico (2,800 RB), Thailand (2,400 RB, including 200 RB switched from Japan), and India (2,200 RB), were offset by reductions primarily for South Korea (3,700 RB) and Pakistan (1,600 RB). Net sales of 277,300 RB for 2022/2023 were primarily for China (238,100 RB) and Mexico (32,600 RB). Exports of 371,900 RB were up 11 percent from the previous week and 1 percent from the prior 4-week average. The destinations were primarily to China (117,200 RB), Turkey (83,800 RB), Vietnam (50,800 RB), Pakistan (23,300 RB), and Mexico (18,100 RB). Net sales of Pima totaling 1,300RB were up 41 percent from the previous week, but down 13 percent from the prior 4-week average. Increases reported for China (800 RB), South Korea (300 RB), Vietnam (300 RB switched from India), Japan (100) RB) and Mexico (100 RB), were offset by reductions for India (300 RB). Exports of 5,600 RB were down 15 percent from the previous week and 41 percent from the prior 4-week average. The destinations were primarily to China (2,200 RB), Pakistan (1,000 RB), Thailand (900 RB), India (600 RB), and Indonesia (400 RB). Optional Origin Sales: For 2021/2022, options were exercised to export 3,400 RB to Vietnam from the United States. The current outstanding balance of 15,400 RB is for Vietnam (12,900 RB) and Pakistan (2,500 RB). Export for Own Account: For 2021/2022, new exports for own account totaling 18,500 MT were to China (9,300 RB) Indonesia (5,900 RB), and Vietnam (3,300 RB). Decreases of exports for own account totaling 200 RB were reported to Vietnam. The current exports for own account outstanding balance of 36,600 RB is for China (24,300 RB), Vietnam (6,400 RB), and Indonesia (5,900 RB). USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports