MP_CN208 9/3/2020 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 and 2020-2021 July 31 Aug Aug Aug Aug 28 Sep Aug 6 7-13 14-20 21-27 Sep 3 4-10 Adjusted world price 1/ 47.71 49.44 48.92 48.60 50.50 50.44 Course count adjustment 0.00 0.00 0.00 0.00 0.00 0.00 Loan Deficiency Payment 4.29 2.56 3.08 3.40 1.50 1.56 Fine count adjustment 20 0.51 0.42 0.47 0.52 0.53 0.55 Fine count adjustment 20 0.36 0.37 0.42 0.47 0.48 0.50 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 Aug 28 64.37 65.08 65.93 66.56 67.02 65.71 59.01 71.10 0.00 Aug 31 64.41 65.16 66.05 66.75 67.27 66.19 59.05 Holiday 0.00 Sep 01 64.66 65.40 66.31 67.07 67.64 66.64 59.37 70.85 0.00 Sep 02 64.18 64.96 65.88 66.76 67.46 66.45 58.89 71.00 0.00 Sep 03 63.56 64.28 65.29 66.15 66.91 65.63 58.27 70.50 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 Aug 28 60.87 59.87 59.87 58.87 58.87 57.12 57.62 59.01 Aug 31 60.91 59.91 59.91 58.91 58.91 57.16 57.66 59.05 Sep 01 61.16 60.16 60.16 59.66 59.16 57.41 57.91 59.37 Sep 02 60.68 59.68 59.68 59.18 58.68 56.93 57.43 58.89 Sep 03 60.06 59.06 59.06 58.56 58.06 56.31 56.81 58.27 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. 0 2018-2019 2019-2020 Description Through August 2Through August 27, 2020 Week Mkt. Yea Week Mkt. Year Outstanding sales - 7,155,60 - 5,731,700 Exports 230,000 1,092,00273,900 1,251,500 Total export commitments - 8,247,60 - 6,983,200 New sales 177,400 - 163,400 - Buy-backs and cancellations 14,600 - 31,900 - Net sales 162,800 - 131,500 - Sales next marketing year 198,200 661,300 0 329,100 Net sales of 131,500 RB for 2020/2021 primarily for China (61,400 RB, including decreases of 26,400 RB), Vietnam (30,200 RB, including 1,400 RB switched from South Korea, 700 RB switched from Japan, and decreases of 4,900 RB), Turkey (17,000 RB), Pakistan (16,700 RB, including decreases of 200 RB), and Indonesia (3,700 RB, including 3,100 RB switched from Japan), were offset by reductions for Japan (4,000 RB), Taiwan (500 RB), Malaysia (200 RB), and El Salvador (200 RB). Exports of 273,900 RB were primarily to China (132,200 RB), Vietnam (33,700 RB), Turkey (27,900 RB), Pakistan (14,000 RB), and Malaysia (13,700 RB). Net sales of Pima totaling 17,300 RB were primarily for India (8,800 RB, including decreases of 100 RB), Pakistan (3,900 RB), and China (3,400 RB). Exports of 12,100 RB were primarily to China (3,500 RB), India (3,000 RB), Pakistan (1,700 RB), Bahrain (900 RB), and Vietnam (900 RB). Exports for Own account: For 2020/2021, new exports for own account totaling 6,100 RB were reported for China (4,300 RB) and Vietnam (1,800 RB). The current exports for own account outstanding balance of 19,700 RB is for China (13,000 RB), Indonesia (3,900 RB), Vietnam (1,800 RB), and Bangladesh (1,000 RB). USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports