MP_CN208 12/1/2022 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 Oct 28 Nov Nov Nov Nov 25 Dec Nov 3 4-10 11-17 18-24 Dec 1 2-8 Adjusted world price 1/ 68.95 65.46 76.74 77.78 74.61 73.03 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 0.20 0.38 0.41 0.43 0.22 0.12 Fine count adjustment 20 0.15 0.33 0.36 0.38 0.17 0.07 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/ Dec-22 Mar-23 May-23 Jul-23 Oct-23 Dec-23 Average Current Nov 25 81.34 80.18 79.53 78.64 77.61 76.00 79.14 101.35 0.00 Nov 28 80.20 78.95 78.39 77.71 76.36 74.78 77.91 98.70 0.00 Nov 29 81.60 80.61 80.03 79.35 77.53 76.55 79.57 97.50 0.00 Nov 30 86.05 84.61 84.03 83.28 81.28 80.10 83.57 99.10 0.00 Dec 1 85.93 84.85 84.15 83.37 81.58 80.25 83.85 102.90 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 DeEast TX/West TexDesert SSJ ValleAverage Nov 25 81.93 80.93 80.93 77.68 77.93 77.18 77.43 79.14 Nov 28 80.70 79.70 79.70 76.45 76.70 75.95 76.20 77.91 Nov 29 82.36 81.36 81.36 78.11 78.36 77.61 77.86 79.57 Nov 30 86.36 85.36 85.36 82.11 82.36 81.61 81.86 83.57 Dec 1 86.60 85.60 85.60 82.35 82.85 81.85 82.10 83.85 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. 0 2021-2022 2022-2023 Description Through NovemberThrough November 24, 2022 Week Mkt. Yea Week Mkt. Year Outstanding sales - 6,952,60 - 5,460,900 Exports 71,400 2,392,70139,500 3,240,100 Total export commitments - 9,345,30 - 8,701,000 New sales 376,500 - 37,300 - Buy-backs and cancellations 1,700 - 20,800 - Net sales 374,900 - 16,500 0 Sales next marketing year 0 921,900 11,000 1,144,100 Cotton::Net sales of 16,500 RB for 2022/2023 primarily for India (5,700 RB), Indonesia (4,200 RB, including decreases of 500 RB), Pakistan (3,500 RB, including decreases of 2,200 RB), Peru (2,600 RB), and Vietnam (2,200 RB), were offset by reductions primarily for Turkey (8,500 RB). Total net sales of 11,000 RB for 2023/2024 were for Turkey. Exports of 139,500 RB were primarily to China (38,300 RB), Pakistan (31,900 RB), Bangladesh (15,200 RB), Turkey (8,400 RB), and Mexico (8,100 RB). Net sales of Pima totaling 1,800 RB were primarily for China (1,800 RB, including 400 RB switched from Germany) and Thailand (400 RB), were offset by reductions for Germany (400 RB). Exports of 1,300 RB were primarily to China (500 RB) and Taiwan (400 RB). Optional Origin Sales: For 2022/2023, the current outstanding balance of 9,300 RB, all Malaysia. Export for Own Account: For 2022/2023, new exports for own account totaling 6,600 RB were to China. The current exports for own account outstanding balance of 105,700 RB are for China (61,800 RB), Vietnam (23,900 RB), Pakistan (18,100 RB), India (1,500 RB), and Indonesia (400 RB). USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports