MP_CN208 6/13/2013 Memphis, TN USDA Cotton Program, MND World market price for Upland cotton, in cents per pound, in effect from 12:01a.m., EST, Friday through midnight, EST, Thursday. 2012/2013 Description May May May 31-May June June 10-16 17-23 24-30 June 6 7-13 14-20 Adj. World price 1/ 73.69 72.92 71.64 68.99 70.33 72.94 CC adjustment 0.00 0.00 0.00 0.00 0.00 0.00 Loan Defic.Payment (LDP) 0.00 0.00 0.00 0.00 0.00 0.00 1/ Color 41, leaf 4, staple 34, mike 35-36 & 43-49, strength readings of 25.5-29.4 grams per tex, length uniformity of 79.5-82.4 percent. Source: Farm Service Agency, USDA. 0 ICE futures contract settlement, designated spot market average for color 41, leaf 4, staple 34, and Far Easter a" Index Color 41, Leaf 4, Staple 34 Far Eastern Date Futures Settlement 7-Market Jul-13 Oct-13 Dec-13 Mar-14 May-14 Jul-14 Average Current 0 0-Jan June 7 84.86 85.74 85.18 85.35 85.72 86.14 80.86 93.20 0.00 June 10 86.65 86.48 85.88 86.10 86.33 86.61 82.64 93.20 0.00 June 11 88.06 86.85 85.18 85.23 85.32 85.61 84.08 93.90 0.00 June 12 90.06 89.31 88.07 87.59 87.52 87.57 85.86 93.10 0.00 June 13 91.72 90.13 89.15 88.88 88.68 88.61 87.55 95.60 0.00 1/ Far Eastern A Index furnished by Cotton Outlook of Liverpool. 0 Color 41, Leaf 4, Staple 34 Cents per Pound Date SoutheasNorth DeSouth DeEast TX/West TexDesert SSJ ValleAverage June 7 83.86 83.11 83.11 80.00 80.00 77.36 78.61 80.86 June 10 85.65 84.90 84.90 81.75 81.75 79.15 80.40 82.64 June 11 87.06 86.31 86.31 83.25 83.25 80.56 81.81 84.08 June 12 88.56 87.81 87.81 85.25 85.25 82.56 83.81 85.86 June 13 90.22 89.47 89.47 87.00 87.00 84.22 85.47 87.55 Source: USDA, AMS, Cotton and Tobacco Programs, Cotton Market News. Marketing Years Description 2011-2012 2012-2013 Through June 7, 2012 Through June 6, 2013 Week Mkt. Year Week Mkt. Year Outstanding sales - 3,158,200 - 1,707,800 Exports 227,100 9,287,300 232,300 10,740,400 Total export commitments - 12,445,500 - 12,448,200 New sales 803,000 - 113,400 - Buy-backs and cancellations 7,300 - 12,300 - Net sales 795,700 - 101,100 - Sales next marketing year 219,600 1,837,700 97,300 1,855,900 Net Upland sales of 101,100 running bales for 2012/2013 were down 45 percent from the previous week and 15 percent from the prior 4-week average. Increases were reported for China (37,600 RB), Turkey (26,400 RB), Vietnam (15,800 RB), Mexico (7,400 RB), and Morocco (3,000 RB). Decreases were reported for South Korea (2,400 RB) and Japan (1,100 RB). Net sales of 97,300 RB for 2013/2014 were reported primarily for Japan (38,900 RB), Vietnam (22,000 RB), and Indonesia (13,600 RB). Exports of 232,300 RB were down 16 percent from the previous week and 17 percent from the prior 4-week average. The primary destinations were Turkey (62,400 RB), China (60,400 RB), Mexico (23,400 RB), Vietnam (13,800 RB), Indonesia (11,500 RB), and Colombia (8,400 RB). Net American Pima sales of 1,800 RB for 2012/2013 resulted as increases for China (1,900 RB) and Germany (300 RB, switched from Switzerland). Decreases were reported for Switzerland (300 RB). Net sales of 1,700 MT for 2013/2014 were primarily for China (900 MT) and Mexico (600 MT). Exports of 20,200 RB were down 34 percent from the previous week and 13 percent from the prior 4-week average. Increases were primarily to China (12,300 RB), India (3,200 RB), and Indonesia (2,800 RB). Optional Origin Sales: For 2012/2013, outstanding optional origin sales total 28,500 RB, and are for China (14,600 RB), South Korea (13,600 RB), and Vietnam (300 RB). Exports for Own Account: Exports for own account totaling 300 RB to China were applied to new or outstanding sales. The current exports for own account balance is 74,500 RB, and is for China (73,400 RB) and Vietnam (1,100 RB). Source: Export Sales Reporting Division, Foreign Agricultural Service, USDA. USDA, AMS Cotton and Tobacco Programs, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports