MP_CN208 12/13/2018 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 Nov Nov Nov Nov 30 Dec Dec 9-15 16-22 23-29 Dec 6 7-13 14-20 Adjusted world price 1/ 69.86 68.48 67.89 67.92 69.34 69.77 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 1.25 1.04 0.88 0.89 0.96 0.73 Fine count adjustment 20 1.30 1.09 0.93 0.94 1.01 0.78 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-19 May-19 Jul-19 Oct-19 Dec-19 Mar-20 Average Current 0 Dec 07 80.23 81.17 81.73 78.81 78.03 78.63 75.66 87.25 0.00 Dec 10 79.88 80.89 81.46 78.54 77.63 78.31 75.31 88.50 0.00 Dec 11 80.02 81.13 81.72 78.80 77.82 78.52 75.45 88.25 0.00 Dec 12 79.97 81.01 81.55 78.55 77.73 78.41 75.47 88.30 0.00 Dec 13 79.41 80.43 81.02 78.10 77.43 78.09 74.98 88.25 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 Dec 07 78.23 77.48 77.48 74.23 74.23 73.73 74.23 75.66 Dec 10 77.88 77.13 77.13 73.88 73.88 73.38 73.88 75.31 Dec 11 78.02 77.27 77.27 74.02 74.02 73.52 74.02 75.45 Dec 12 77.97 77.22 77.22 73.97 73.97 73.72 74.22 75.47 Dec 13 77.41 76.66 76.66 73.66 73.66 73.16 73.66 74.98 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. Marketing Years 2017-2018 2018-2019 Description Through DecemberThrough December 6, 2018 Week Mkt. Yea Week Mkt. Year Outstanding sales - 7,489,30 - 6,994,700 Exports 166,600 2,603,00154,500 2,840,600 Total export commitments - 10,092,3 - 9,835,300 New sales 268,600 - 109,700 - Buy-backs and cancellations 8,900 - 62,600 - Net sales 259,700 - 47,100 - Sales next marketing year 36,000 1,079,60 33,500 2,056,100 Net sales of 47,100 RB for 2018/2019 were down 50 percent from the previous week and 66 percent from the prior 4-week average. Increases were reported for Vietnam (29,300 RB, including 4,100 RB switched from South Korea, 1,900 RB switched from China, 200 RB switched from Japan, and decreases of 1,800 RB), China (11,700 RB, including decreases of 13,200 RB), Mexico (8,100 RB), Indonesia (7,200 RB, including 2,300 RB switched from China and 500 RB switched from Japan), and Turkey (5,500 RB). Reductions were reported for Bangladesh (28,600 RB), South Korea (1,600 RB), and Malaysia (400 RB). For 2019/2020, net sales of 33,500 RB were reported for Bangladesh (22,000 RB), China (8,800 RB), Mexico (2,600 RB), and Japan (100 RB). Exports of 154,500 RB were down 3 percent from the previous week, but up 13 percent from the prior 4-week average. Exports were primarily to Vietnam (46,500 RB), China (25,200 RB), Mexico (17,800 RB), Indonesia (13,500 RB), and South Korea (7,800 RB). Net sales of Pima totaling 10,900 RB for 2018/2019 were down 51 percent from the previous week and 49 percent from the prior 4-week average. Increases were reported for India (5,500 RB), Peru (4,000 RB, including decreases of 100 RB), Turkey (400 RB), and Honduras (400 RB). Reductions were reported for Japan (100 RB). Exports of 11,700 RB were down 29 percent from the previous week, but up 35 percent from the prior 4-week average. The destinations were primarily to China (7,200 RB), India (1,900 RB), and Pakistan (1,600 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