MP_CN208 5/16/2024 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 26 May May May 12-18 19-25 May 2 3-9 10-16 17-23 Adjusted world price 1/ 65.43 62.18 61.33 60.55 59.64 59.46 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 0.08 0.13 0.13 0.10 0.00 0.11 Fine count adjustment 20 0.33 0.38 0.38 0.35 0.25 0.36 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/ Jul-24 Oct-24 Dec-24 Mar-25 May-25 Jul-25 Average Current May 10 77.31 76.74 75.13 76.73 78.00 78.81 69.06 86.40 0.00 May 13 77.63 77.06 75.63 77.12 78.25 78.73 69.38 85.20 0.00 May 14 74.63 75.58 74.18 75.70 76.93 77.55 66.38 85.85 0.00 May 15 75.41 75.27 74.29 75.85 77.08 77.71 67.77 84.20 0.00 May 16 76.24 76.20 75.19 76.80 78.12 78.76 68.60 85.10 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 DeETX/STX WTX/OK/KDesert SSJ ValleAverage May 10 74.06 73.06 73.06 65.06 65.31 66.31 66.56 69.06 May 13 74.38 73.38 73.38 65.38 65.63 66.63 66.88 69.38 May 14 71.38 70.38 70.38 62.38 62.63 63.63 63.88 66.38 May 15 72.16 71.16 71.16 65.41 65.41 64.41 64.66 67.77 May 16 72.99 71.99 71.99 66.24 66.24 65.24 65.49 68.60 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. 0 2022-2023 2023-2024 Description Through May 11, Through May 9, 2024 Week Mkt. Yea Week Mkt. Year Outstanding sales - 3,719,30 - 3,239,100 Exports 332,700 8,912,30238,800 8,562,700 Total export commitments - 12,631,6 - 11,801,800 New sales 136,500 - 163,200 - Buy-backs and cancellations 4,000 - 6,800 - Net sales 132,400 - 156,500 - Sales next marketing year 28,100 1,524,20140,600 1,601,000 Net sales of Upland totaling 156,500 RB for 2023/2024 were down 38 percent from the previous wee USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports