MP_CN208 5/9/2024 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 2023-2024 Apr Apr Apr Apr 26 May May 5-11 12-18 19-25 May 2 3-9 10-16 Adjusted world price 1/ 69.48 65.43 62.18 61.33 60.55 59.64 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 0.03 0.08 0.13 0.13 0.10 0.00 Fine count adjustment 20 0.28 0.33 0.38 0.38 0.35 0.25 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. 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/ May-24 Jul-24 Oct-24 Dec-24 Mar-25 May-25 Average Current May 0 77.36 78.06 77.11 75.97 77.36 78.61 69.81 83.25 0.00 May 0 76.56 77.06 76.16 75.31 76.83 78.24 68.81 - 0.00 May 0 77.00 77.50 76.65 75.75 77.26 78.59 69.25 84.85 0.00 May 0 80.06 80.06 78.94 77.70 79.19 80.27 71.81 85.40 0.00 May 0 - 78.60 77.75 76.46 78.01 79.20 70.35 87.90 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 DeETX/STX WTX/OK/KDesert SSJ ValleAverage May 0 74.81 73.81 73.81 65.81 66.06 67.06 67.31 69.81 May 0 73.81 72.81 72.81 64.81 65.06 66.06 66.31 68.81 May 0 74.25 73.25 73.25 65.25 65.50 66.50 66.75 69.25 May 0 76.81 75.81 75.81 67.81 68.06 69.06 69.31 71.81 May 0 75.35 74.35 74.35 66.35 66.60 67.60 67.85 70.35 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. 0 2022-2023 2023-2024 Description Through May 4, 2Through May 2, 2024 Week Mkt. Yea Week Mkt. Year Outstanding sales - 3,919,60 - 3,321,400 Exports 331,000 8,579,60249,600 8,323,900 Total export commitments - 12,499,2 - 11,645,300 New sales 259,100 - 261,700 - Buy-backs and cancellations 12,300 - 8,100 - Net sales 246,800 - 253,700 - Sales next marketing year 12,800 1,496,10158,900 1,460,400 Net sales of Upland totaling 253,700 RB for 2023/2024 were up noticeably from the previous week and from the prior 4-week average. Increases primarily for China (119,000 RB, including decreases of 2,000 RB), Pakistan (36,300 RB), Vietnam (27,500 RB, including 1,800 RB switched from South Korea), Turkey (21,500 RB, including decreases of 400 RB), and Indonesia (19,600 RB, including 100 RB switched from Japan and decreases of 2,100 RB), were offset by reductions for South Korea (500 RB). Net sales of 158,900 RB for 2024/2025 were primarily for Honduras (44,600 RB), South Korea (31,700 RB), Mexico (28,500 RB), Pakistan (22,000 RB), and Bangladesh (9,900 RB). Exports of 249,600 RB were up 39 percent from the previous week and 2 percent from the prior 4-week average. The destinations were primarily to China (102,300 RB), Turkey (50,900 RB), Pakistan (20,400 RB), Bangladesh (18,100 RB), and Vietnam (13,300 RB). Net sales of Pima totaling 5,600 RB for 2023/2024 were up 22 percent from the previous week, but down 19 percent from the prior 4-week average. Increases primarily for India (2,100 RB), Peru (1,700 RB), China (900 RB), Thailand (400 RB), and Vietnam (400 RB), were offset by reductions for Guatemala (100 RB). Exports of 8,200 RB were up 80 percent from the previous week, but down 10 percent from the prior 4-week average. The destinations were primarily to China (4,000 RB), India (1,800 RB), Vietnam (1,300 RB), Turkey (500 RB), and Pakistan (300 RB). Optional Origin Sales: For 2023/2024, the current outstanding balance of 4,400 RB, all Bangladesh. For 2024/2025, the current outstanding balance of 8,800 RB, all Pakistan. Exports for Own Account: For 2023/2024, new exports for own account totaling 4,100 RB were to China. Exports for own account totaling 700 RB to China were applied to new or outstanding sales. The current exports for own account outstanding balance of 86,200 RB are for China (61,500 RB), Vietnam (14,700 RB), Pakistan (5,100 RB), South Korea (3,700 RB), and Turkey (1,200 RB).