MP_CN208 3/23/2023 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 2022-2023 Feb Feb 24 Mar Mar Mar Mar 17-23 Mar 2 3-9 10-16 17-23 24-30 Adjusted world price 1/ 74.05 70.78 72.73 71.95 68.58 66.33 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 0.00 0.00 0.00 0.00 0.00 0.00 Fine count adjustment 20 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 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-23 Jul-23 Oct-23 Dec-23 Mar-24 May-24 Average Current Mar 17 77.83 78.44 79.56 79.51 79.00 78.74 74.22 93.55 0.00 Mar 20 77.22 77.70 78.85 78.81 78.52 78.39 0.00 92.30 0.00 Mar 21 77.85 78.45 79.61 79.54 79.50 79.39 0.00 91.80 0.00 Mar 22 78.28 78.89 79.89 79.81 79.46 79.16 0.00 92.30 0.00 Mar 23 77.58 78.19 79.26 79.26 79.03 78.87 0.00 92.80 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 Mar 17 76.54 75.54 75.54 73.29 73.29 72.54 72.79 74.22 Mar 20 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Mar 21 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Mar 22 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Mar 23 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. 0 2021-2022 2022-2023 Description Through March 17Through March 16, 2023 Week Mkt. Yea Week Mkt. Year Outstanding sales - 7,670,90 - 4,958,300 Exports 442,700 6,292,40272,500 6,220,800 Total export commitments - 13,963,3 - 11,179,100 New sales 322,100 - 324,700 - Buy-backs and cancellations 14,500 - 14,400 - Net sales 307,500 - 310,200 - Sales next marketing year 67,400 2,352,40 21,300 1,360,000 Net sales of 310,200 RB for 2022/2023 were up 38 percent from the previous week and 33 percent from the prior 4-week average. Increases primarily for Vietnam (115,300 RB, including 2,600 RB switched from South Korea, 800 RB switched from China, 300 RB switched from Japan, and decreases of 100 RB), China (95,900 RB, including 900 RB switched from Pakistan), Bangladesh (30,000 RB), Turkey (25,100 RB), and Pakistan (15,700 RB, including decreases of 4,700 RB), were offset by reductions for Guatemala (14,000 RB). Net sales of 21,300 RB for 2023/2024 were reported for Guatemala (9,600 RB), Japan (5,300 RB), Pakistan (4,400 RB), Vietnam (1,300 RB), and Peru (700 RB). Exports of 272,500 RB were unchanged from the previous week, but up 13 percent from the prior 4-week average. The destinations were primarily to Vietnam (92,300 RB), Pakistan (42,100 RB), Turkey (38,400 RB), China (30,100 RB), and Mexico (15,400 RB). Net sales of Pima totaling 16,900 RB for 2022/2023--a marketing-year high--were up noticeably from the previous week and from the prior 4-week average. Increases were primarily for India (11,200 RB), China (3,200 RB), Pakistan (1,000 RB), Thailand (700 RB), and Guatemala (400 RB). Total net sales of 400 RB for 2023/2024 were for Japan. Exports of 7,100 RB were up noticeably from the previous week and from the prior 4-week average. The destinations were primarily to China (1,500 RB), India (1,500 RB), Peru (900 RB), Turkey (900 RB), and Vietnam (900 RB). Optional Origin Sales: For 2022/2023, the current outstanding balance of 7,300 RB, all Malaysia. Export for Own Account: For 2022/2023, new exports for own account totaling 17,300 RB were to China (15,100 RB) and Vietnam (2,200 RB). Exports for own account totaling 2,500 RB to China were applied to new or outstanding sales. The current exports for own account outstanding balance of 115,700 RB are for China (86,900 RB), Vietnam (16,200 RB), Pakistan (5,000 RB), Turkey (3,700 RB), South Korea (2,400 RB), and India (1,500 RB). USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports